Cities
Pantzer Properties Buys Washington, DC-Area Community for $71M
Berkadia represented the seller in the disposition of the 304-unit Point at Palisades in Manassas Park, Va.
Affordable Suburban Nashville Community Gets $11M Refi
CBRE provided a 10-year, Freddie Mac note which retires a $4.5 million CMBS loan from 2017.
FirstService Grows Washington, DC Portfolio
The company will provide property management services to a 161-unit co-up building in the Adams Morgan neighborhood.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
JV Lands $34M for New Jersey Affordable Luxury Project
Investors Bank originated the loan for the development of a 180-unit community in North Haledon.
Aspen Heights Expands Student Housing Portfolio
The company’s newest project will offer 752 beds to students attending Washington State University one mile away.
North St. Petersburg Community Receives Refi
The $7 million mortgage retires $6.3 million in acquisition financing provided by C-III Capital Partners in 2018.
Generic Management, CAF Capital Buy Plano Property for $63M
Phillips Realty Capital advised the partnership on its acquisition of the 459-unit EVOKE.
Presidium Breaks Ground on Dallas Apartments
The 290-unit project marks the developer’s first new construction since the start of the pandemic.
JV Breaks Ground on Suburban New York Community
NRP Group and RPW Group are developing the 303-unit apartment building on the former location of the tech giant’s headquarters.