Cities
Top 10 NYC Multifamily Sales in July 2016
PropertyShark has compiled the 10 priciest multifamily property sales recorded in July 2016 in New York City. Keep reading to discover which areas were most popular, the types of deals being done, who some of the top deal makers are this summer and the borough that surprisingly claimed the top spot. Sale Price: $121,000,000 This seven-parcel deal includes properties at: 20-05 Shore Blvd. 20-25 Shore Blvd. 20-11 18th 20-32 19th 20-31 19th 20-11 20th 20-12 20th This new acquisition adds 444 Section 8 units to The Related Cos.’ portfolio. The firm has applied to add 53 more affordable housing…
Kennedy Wilson Buys Big on CA Coast
A 386-unit community adjacent to the Cal State University campus in Camarillo, Calif., fetched $81 million.
Housing Trust Grows Florida Footprint
The company has closed $20 million in financing and broken ground on one of five communities currently under construction in the Sunshine State.
Fendi Lands in US with Oceanfront Condos
Scheduled to open this fall near Miami, Fendi Château Residences will feature condos priced from $6 million to $25 million.
Timberland Partners Adds Regional Property Manager
Meet Sundae Caudle, Timberland’s most recent district manager.
Legacy, Resmark Team Up in San Diego
The developers expect to break ground next summer on a 168-unit project in the city’s Marina District.
Playboy Mansion Fetches $100M
The new owner, Daren Metropoulos, will eventually unite his estate with that of Hugh Hefner, his next-door neighbor.
Avesta Ploughs $27M into Orlando
Newly renamed Avesta Winter Park, the 368-unit property will get a multimilllion-dollar makeover.
JLL Secures $13M Freddie Mac Loan for Minnesota Community
The financing is for the acquisition and renovation of Northgate Plaza, a 151-unit affordable property in Rochester, Minn.
Marcus & Millichap’s IPA Sells 21-Property Portfolio
The properties consist of 5,995 units spanning five states.