Cities
On the Market: 5 Interesting CRE Listings for the Week of 5/9
This week’s listings include a quirky Austin community and a converted Boston schoolhouse originally built in 1850.
George Smith Partners Lands $115M Financing for LA Community
The cash-out refinancing is for a 566-unit multifamily community near the LA Music Center.
LandSouth Breaks Ground on $25M Fla. Luxury Community
Portiva Residences will offer 260 garden-style apartments across eight four-story elevator buildings on a 10-acre parcel.
Glenridge Cooperative Apartments Obtains $27M Refi
Greystone provided the Fannie Mae MAH loan for the 275-unit property.
Modern Multifamily Community in Fast Growing Market Sells for $25M
Maxus Properties acquired the 250-unit residential property in Macon, Ga., which was built in 2014 and offers modern wellness and business amenities.
JV Lands $41M to Develop Class A Community in South Florida
HFF arranged the construction financing to develop Parc3400, a 259-unit multifamily community in one of Broward County’s strongest rental markets.
City of Detroit Gets an Extra $42M in Demolition Funds
The U.S. Treasury Department and the Michigan State Housing Development Authority approved additional funds for the city’s blight removal initiative, which will now expand to 90 percent of Detroiters.
Upscale Residential Project in NYC Now on the Market
Thirteen East + West, a high-end residential project in East Village, launched sales for its 10 condominiums and two maisonettes.
Five Cutting-Edge City Initiatives in Affordable Housing
We’ve identified five of the newest or most creative local initiatives to deliver more affordable housing units to the renters who need it.
HFF Secures Development Financing for Tomlin Investments’ Massive Community Green Meadows
The master planned community Green Meadows gets initial development financing, thanks to HFF.