Cities
CBRE Global Investors Buys 330-Unit Apartment Complex in Atlanta from Equity Residential
CBRE Global Investors has boosted its Atlanta multifamily portfolio with the purchase of Alexander on Ponce, a 330-unit apartment complex in the city’s Midtown submarket, from Equity Residential.
Pembrook Originates Acquisition, Renovation Financing for Denver-Area Apts.
Pembrook Capital Management originates an $18.6 million bridge loan to facilitate the sale of Mountain Vista, a 257-unit multifamily property located in the Denver suburb of Lakewood.
Pacific Urban Residential Acquires California’s Villas La Costa
Pacific Urban Residential has acquired the 24-unit Villas La Costa apartment community in Carlsbad, Calif., from San Diego-based Oram Properties.
Presidio Landmark Apartments Honored by National Trust
A 154-unit adaptive reuse project by Presidio Trust and Forest City has received The National Trust/Advisory Council on Historic Preservation’s Award for Federal Partnerships in Historic Preservation. The conversion was designed by Perkins+Will.
Wood Partners Sees a Strong Lease-Up in Charlotte
Wood Partners has opened Perimeter Lofts, a new 246-unit apartment community in the heart of the booming Northlake area of Charlotte, N.C.
Feng Shui-Certified Long Island City Condo Sells Out
The Vista, a 48-unit condo development in Long Island City developed by Lions Group and Emmy Homes, has completely sold out. Feng Shui played a big role.
TODAY’S DEALS: Equity Residential Sells Atlanta Apartment to CBRE Global Investors
JLL brokers Equity Residential’s sale of an Atlanta apartment community; Greystone closes a $60.5 million bridge loan in Georgia; and NorthMarq Capital provides refinance loans totaling $17.4 million for two apartments in Minnesota.
Wood Partners Opens North Carolina Apartment Property
The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development.
Hartz Buys 266-Unit Apartment in Austin
CBRE represents Hartz Mountain Industries in the acquisition of a 266-unit apartment in Austin’s central business district.
MARKET SNAPSHOT: Job Growth, Increased Apartment Demand Expected to Revitalize Detroit
Detroit may be bankrupt, but its thriving real estate market could be a veritable lifebelt leading to the city’s recovery.