Cities
Top 10 NYC Multifamily Sales in June 2016
PropertyShark has compiled the data and we’ve got the priciest multifamily property deals recorded in New York City in June. Read on to find out how each borough performed: 1. Sales Price: $139,600,000 Known as The Hamilton, this Yorkville tower with 265 residential units transferred last month in an uncharacteristic move by high profile developer Glenwood Management. Crain’s New York reports that the new owner, Bonjour Capital, may invest an additional $20M in upgrading the lobby, gym, and other amenities, though union workers fear their wages may be cut in half by the new buyer. 2. 3418-3446 91…
Cronin Plans $260M High-Rise on Boston Waterfront
Two restaurants would make way for a 22-story, 124-unit condominium building.
UIP Buys D.C. Building with a History
Urban Investment Partners plans 250 market-rate units for a former college dorm and hotel that played a cameo role in the Watergate scandal.
CityView Closes Latest Multifamily Fund, Totaling $150M
The equity fund totals $150 million and will invest in multifamily housing in various markets.
HLC Equity to Manage 216-Unit Mile-High City Community
HLC Equity joined forces with Hampshire Cos. to acquire Sage Brook Apartments in Denver.
MAA and Post Properties, Inc. Plan $17B Merger
The merger will create the leading Sunbelt-focused apartment platform.
SARES-REGIS Taps New SVP
Heather Wallace will focus on business development, strategic planning and marketing for the company’s western region.
Monument Real Estate Lands 4 Management Assignments in Florida
Monument Real Estate Services added a combined 1,076 units to its management portfolio in Melbourne, Fla., expanding its presence in the Palm Bay–Melbourne–Titusville metro area.
ROSS Management Lands 1,200-Unit Portfolio
Three properties are located in a Washington, D.C., suburb, and a fourth is in Richmond, Va.
AFL-CIO BIT JV Back to Work in St. Louis
The two entities teamed up again for a $51 million apartment development.