Cities

Berkadia Closes 2 Deals Totaling $100M

The brokerage originated a $31.7 million construction loan through HUD for a 232-unit community in Florida and sold a 414-residence townhome property for $68.9 million in Virginia.

Greg Isaacson - May 7, 2019

Affordable Housing

Affordable Houston Community Reopens Following Rehab

Dominium completed a $7 million interior and exterior overhaul at Quail Chase, a 248-unit development in the northern part of the metro.

Laura Valean - May 6, 2019

Deals

2 Phoenix-Area Developments Secure $54M Financing

PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.

Keith Loria - May 6, 2019

Deals

JV Lands $54M Refi for Connecticut Portfolio

CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.

Jeffrey Steele - May 6, 2019

Boston

New England Portfolio Secures $164M Refi

The 14 communities adding up to 1,620 units are spread across Greater Boston and suburban New Hampshire. PGIM Real Estate Finance originated the Fannie Mae loan.

Lucia Morosanu - May 6, 2019

Boston

Boston Multifamily Report – Spring 2019

Considering the 8,250 units slated to come online in 2019, which would mark a new development cycle high, rent growth is expected to moderate slightly, to 2.7 percent for the year.

Adriana Pop - May 6, 2019

Development

Luxury Community Opens in Downtown KC

Copaken Brooks and Altus Properties have finished work on Arterra, a 126-unit property in the Crossroads Arts District. The 12-story building includes 1,800 square feet of retail space.

Laura Valean - May 6, 2019