Cities
Bridge Investment Group Closes $50M Acquisition in Phoenix
The company used a $33.7 million Freddie Mac loan to purchase Country Club Verandas, a 348-unit community in Mesa, Ariz.
Newmark Knight Frank Brokers $44M Sale in Orlando
Scott Ramey and Patrick Dufour facilitated the deal, while Mitch Clarfield and Ryan Greer secured the acquisition loan for the property.
Las Vegas Monthly MHN Wrap-Up (Feb. 2020)
NNC Apartment Ventures shells out $52 million. Opportunity Zone project in the works by Meadows Mall. Catch up on February Vegas must-knows with our monthly roundup.
BH3 Sells Defaulted Mortgage on Manhattan Tower for $230M
The firm sold the non-performing loan on an 88-floor condo skyscraper in the Financial District.
Top 5 Suburban Submarkets for Multifamily Transactions in Chicago
Roughly $2.7 billion in assets traded last year in the metro, with activity in suburban submarkets overtaking urban area sales by $200 million.
Renaissance Management Acquires Long Island Community for $233M
La Bonne Vie features 915 workforce housing units in the village of Patchogue.
Hamilton Zanze Expands Nashville-Area Portfolio
The firm’s purchase of Commonwealth at 31 in the suburb of Spring Hill, Tenn., marks its fifth buy within the metro.
Suburban San Antonio Apartments Change Hands
JLL secured a five-year, fixed-rate loan for Bellaire Partners, the buyer of the 216-unit multifamily asset.
Marcus & Millichap Appoints Tampa VPs
Both Jason Hague and Ned Roberts were previously senior associates with the brokerage’s RPH Multifamily Group.
Top 5 LA Submarkets for Development by Number of Units
Mostly, but not exclusively, clustered around downtown Los Angeles, the submarkets on our list are undergoing a construction boom.