Cities
Marcus & Millichap Completes Virtual Sale of Queens Community
Matt Fotis, Lazarus Apostolidis, Zachary Golub and Paul Youssef acted on behalf of the seller.
Gemdale Sells Suburban Los Angeles Community
A private investor picked up the 85-unit South Hills Apartments for $32 million.
Insula Cos. Obtains $22M Refi for North Orlando Community
Berkadia secured the financing for a 168-unit community in Altamonte Springs, Fla. In February 2019, the same brokerage company facilitated another $17.3 million loan for the property.
Levin Johnston Arranges Bay Area 1031 Exchange
Adam Levin and Robert Johnston facilitated the sale of an 18-unit community in San Jose, Calif., and the acquisition of a 15-unit asset in San Carlos, Calif.
Berkadia Arranges $26M Virginia Community Sale
The transaction marks the first time the 224-unit Regency at Longhill changed hands.
Seattle-Area Community Scores $23M Refi
NorthMarq secured the Fannie Mae loan for the third phase of the 486-unit property.
Florida Multifamily Asset Changes Hands Amid Challenging Times
The coronavirus pandemic required Broadshore Capital Partners to display creativity in closing its $37.1 million acquisition of a Jacksonville rental property.
Court Strikes Down Part of New York’s Rent Law
In a win for landlords, New York’s Court of Appeals issued a decision centered on rent overcharge claims.
Jefferson Apartment Group Sells Suburban Boston Community for $104M
The 262-unit community was acquired by a Salt Lake City-based REIT.
San Diego Workforce Housing Portfolio Grabs $59M Refi
Union Bank provided the 10-year, fixed-rate loan for the five recently renovated communities.