Cities
San Diego Multifamily Wrap-Up – May 2020
San Ysidro apartments land $21 million refi. Lemon Grove asset trades for $17 million. Here’s our May selection of San Diego must-reads.
Lightstone Lands $30M Loan for Suburban Indianapolis Asset
Greystone secured the acquisition financing for the 280-unit garden-style community in Noblesville, Ind.
BRP, Pennrose JV to Begin 1st Phase of Jersey City Redevelopment
The multi-phase Bayfront project will be the largest mixed-income development in the tri-state region.
Capstone Closes Loan on San Diego Student Housing
The financing was provided by Bank of America for an on-campus residence at San Diego State University.
Aspen Heights Partners Begins Construction on Austin Community
The development is located within the East Riverside Corridor and will include 323 units and two interior courtyards.
Middleburg Communities Adds New Director of Acquisitions
Kyle Chase will focus on workforce housing acquisitions throughout the Southeast and Texas, working out of the firm’s Charlotte, N.C., office.
Nashville Shipping Container Project Changes Hands
FMBC Investments sold the 83-unit, under-construction development for more than $11 million.
Berkadia Arranges $32M Acquisition Loan for Orlando Asset
Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the 10-year Freddie Mac financing.
Beachwold Refinances Orlando-Area Property
JLL Capital Markets secured the Freddie Mac loan for the 240-unit Lake House in Davenport, Fla.
Landlords Sue Over Eviction Moratoriums
Owners in Boston and New York are seeking to overturn bans put into place in response to the COVID-19 health crisis.