Cities
Phoenix Realty Group Expands in Colorado
The multifamily investor has ventured north of the Denver area to purchase a 16-building community in the rapidly growing city of Fort Collins.
FL Affordable Senior Community Gets $20M in Loans
The new owner plans to invest approximately $3.6 million in renovations at the 104-unit property located in Pinellas County. Hunt Real Estate Capital provided the financing.
San Francisco Multifamily Portfolio Receives $600M Loan
Natixis served as the lead arranger and administrative agent on the transaction secured for a partnership of two pension funds and a local operator.
Meridian Lands $139M Loan for Upscale Manhattan Project
Luxury residential developer Anbau will use the financing to build a two-tower, 48-unit condo property in the Flatiron District.
DFW Community Changes Hands
Marcus & Millichap facilitated the sale of the 288-unit Aspen Woods in Arlington. The new owner intends to execute a capital improvement program on the property.
Houston Community Lands $14M in Construction Financing
HS Development received a HUD 221(d)(4) loan for the 115-unit The Edge at Langham Creek project. MidHudson arranged the transaction, with Greystone as originator.
Mack-Cali Acquires New Jersey Community for $264M
Roseland Residential Trust, a multifamily arm of the REIT, purchased a 377-unit luxury apartment building in Jersey City, N.J., from seller AEW.
Pinnacle Brokers Southwest Denver Transaction
Joe Hornstein and Scott Fetter of the Hornstein Fetter apartment group worked on behalf of the sellers, with Jim Knowlton of the Knowlton Lawson team representing the buyers.
Occupancy Down, Rents Up in Post-Hurricane Houston
Overall occupancy declined over the past year, as the aftermath of Hurricane Harvey continues to be felt, according to the latest report by Berkadia. Development is focused in the downtown core, where average rents grew by 4.3 percent.
JV Breaks Ground on Miami High-Rise Community
The 434-unit luxury residential project will be part of Miami Worldcenter, a 27-acre, $4 billion mixed-use development now under construction in the heart of the city.