Cities
Jones Street Lands $31M for Massachusetts Development
Boston Realty Advisors secured the five-year loan from Cambridge Savings Bank for the construction of a mixed-use development in an Opportunity Zone in North Attleboro.
Castle Lanterra Expands Atlanta Portfolio
The acquisition of a 280-unit value-add community in Cobb County represents the New York-based company’s third foray in the local multifamily market.
The Praedium Group Buys 367-Unit AZ Community
The real estate investment firm acquired the newly built asset in Tempe from JLB Partners in a deal subject to a $57 million loan. More than half a million jobs are located within a 10-mile radius.
$43M Earmarked for Florida Housing Project
Blue Sky Communities will use the financing provided by TD Bank to develop The Preserve at Sabal Park, a Tampa Bay-area community designated for working-class families.
Lantower Residential Pays $75M for Orlando Luxury Community
Wood Partners sold the 314-unit Alta Grande property to Lantower Residential of Dallas in a deal negotiated by Cushman & Wakefield’s Florida Multifamily Team.
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
San Francisco Condo Project Lands $99M Loan
Stockbridge Capital Group and Wilson Meany will use the financing to develop the 262-unit Yerba Buena Island community within Treasure Island, a multi-billion neighborhood taking shape on a 393-acre manmade island.
29th Street Capital Expands Phoenix Footprint
The company purchased a 168-unit community in Avondale and plans to invest more than $2.1 million in capital improvements. Its local portfolio now totals more than 2,500 units.
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.
The Habitat Co. Hires New VP
Kimberly Sisney will lead and oversee the operations, planning and strategy of the firm’s affordable communities located in Chicago and St. Louis.