Cities
2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
Affordable Project for LGBTQ Seniors to Rise in NYC
Haven Green, a 123-unit community in Little Italy, was approved by the city council after a battle over the fate of the development site, which is currently a one-acre park.
CIM Group Completes 2 LA Communities
CIM Group has finished the development of a 50-unit development in Silver Lake near East Hollywood. The firm also delivered Elevate, the second phase of a three-phase development in West Los Angeles.
Las Vegas Multifamily Report – Summer 2019
The metro’s affordability advantage, particularly compared to coastal California markets, adds to Las Vegas’ economic gains.
Washington, DC-Area Opportunity Zone Project Gets $65M Loan
HFF arranged the financing for The Stella, a 282-unit transit-oriented community, part of Urban Atlantic’s 34-acre master plan in New Carrollton, Md.
Luxury MD Senior Housing Welcomes Residents
Capitol Seniors Housing opened the 84-unit assisted living and memory care community in the heart of Anne Arundel County. The Arbor Co. will operate the 72,140-square-foot facility.
Toll Brothers Tops Out Prefab Atlanta Tower
General contractor Balfour Beatty is building the 319-unit property, Osprey, in partnership with modular construction firm Prescient. Completion is slated for the first quarter of next year.
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
Twin Cities Development: Mixed Outlook
The Opus Group’s Matt Rauenhorst and Nick Murnane evaluate the Twin Cities’ multifamily landscape and discuss the challenges developers face in a market with good demographics.
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.