Cities
Terra Group Starts Leasing of Pembroke Pines Community
The new 387-unit luxury Pines Garden at City Center is part of the firm’s Pines City Center master-planned village in Florida.
Pacific Life Acquires North Texas Community
Jefferson LasCo is the fifth property developed by JPI in the Las Colinas submarket of Dallas.
Greysteel Appoints New Director to LA Office
Everett Wong will serve the company’s clients throughout Southern California and will oversee institutional, middle market and private client multifamily transactions.
Affordable San Diego Project Breaks Ground
Affirmed Housing has begun work on The Link, a 50,000-square-foot development dedicated to formerly homeless residents. Bank of America provided roughly $48 million for the project.
JV Breaks Ground on 2 DC Communities
Developers Urban Atlantic, Hines and Triden Development Group will deliver 390 market-rate and affordable housing units through The Vale and The Brooks, located within The Parks at Walter Reed.
Hamilton Zanze Acquires MO Community
Located in Independence, Cornerstone offers 420 units and will undergo a capital improvement plan that will enhance its business center and clubhouse, as well as adding new amenities.
Hana Invests in Cottonwood’s Boston Mega-Project
The South Korean alternative asset manager closed its debut investment in EchelonSeaport, a $950 million luxury, mixed-use project under construction in the Seaport District.
29th Street Capital Names New SVP
The company has added Kevin Smith to lead its multifamily development activity. He brings 25 years of experience to his new position.
Steadfast Cos. Sells 400-unit DFW Community
Greystone originated a $36.6 million Fannie Mae acquisition loan for the new owner, Texas-based CONTI Organization, which plans to rebrand the property as Bella Vista Apartments.
Peak Campus Expands Florida Management Portfolio
The company will manage University Pointe, a student housing community serving students at neighboring universities in Miami. The property is slated for delivery in time for the fall 2019 semester.