Cities
Axonic Properties Sells St. Petersburg Residential Asset
GPK Holdings paid almost $18 million for the 138-unit property, financing the purchase with a Freddie Mac loan from CBRE.
Sherman Residential Picks Up Kansas City Luxury Community
The company made its second acquisition in the market with the purchase of a 250-unit property.
Revamped DC Community Trades for $14M
The seller invested more than $1.5 million in capital improvements at Glenwood Apartments.
Houston Community Receives $23M Loan
Voya Financial provided the three-year mortgage to fund the acquisition of Oak Grove Apartments.
NNC Apartment Ventures Buys Las Vegas Asset for $52M
Berkadia facilitated the transaction with a Freddie Mac loan set to mature in 2030.
Sacramento Multifamily Report – Winter 2020
Tepid development and the Bay Area’s spillover effect continue to push area rents to new heights.
Moinian Group Secures $105M Refi for Manhattan Property
The new financing, which will be used to replace the existing construction loan debt, was issued by Bank of China.
New York City Comptroller Proposes Tenants Bill of Rights
The city’s chief financial officer wants to require landlords to give renters a document spelling out their rights.
Swerdlow Group to Launch Construction of Miami’s Block 55
The 1.5 million-square-foot mixed-use project is scheduled to break ground next month.
Manhattan and Brooklyn Rents Continue Uptick
Corcoran’s latest report shows that rents throughout the two New York City boroughs rose across the board.