Cities
Berkadia Closes $30M Los Angeles-Area Sale
The 78-unit community known as Villa Grande Townhomes had a 92.3 percent occupancy rate as of September.
CAPREIT Acquires Delaware Community
Greysteel’s Ari Firoozabadi and Henry Mathies acted on behalf of the seller and procured the buyer for Vinings at Christiana.
Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey’s Central Ward neighborhood.
California Community Lands $39M Fannie Mae Green Loan
Fannie Mae originated the funds in August, when Afton Properties acquired the asset from Klingbeil Capital Management.
San Diego High-Rise Welcomes First Residents
Greystar Development will handle management of the 300-unit luxury Palisade at Westfield UTC.
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
Dougherty Arranges Refi for San Antonio Community
The $14.9 million, 12-year Fannie Mae loan will be used to retire existing debt on the property.
Studio Management Services Acquires Las Vegas Properties
Laurel Park Apartments and Villa Del Rio Apartments sold for a total of $54 million.
KeyBank Arranges $140M Refi for 3 Communities
The multifamily properties totaling 950 units are owned by Keller Investment Properties in Utah and Arizona.
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough’s Brownsville neighborhood.