Cities
Suburban NY Community Receives $29 Refi
The KeyBank Real Estate Capital loan will pay off existing debt on Lewiston at Pheasant Run, a 179-unit community in Clinton.
Luxury TX Community Changes Hands
Berkadia’s Senior Managing Director Ryan Epstein and Director Jennifer Ray from the company’s Houston office arranged the sale on behalf of seller Alliance Residential.
Mandarin Oriental to Brand, Manage NYC Luxury Condos
SHVO, BLG Capital and Deutsche Finance America own the 1920-built property on Fifth Avenue. Work started on the conversion of the building’s office component into 69 apartments.
Madison Residential Acquires Seattle Community
Opus Bank provided the buyer with more than $12 million in financing for the nearly $16 million acquisition. The 77-unit asset last changed hands in 2014 for $7.6 million.
Crown Bay Group Grows in Atlanta
The firm acquired Southlake Cove in Jonesboro and Vineyard Pointe in Riverdale, Ga., further expanding its area holdings.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
Luxury Condo Building Tops Off in Bay Harbor Islands
Ability by Acierto’s first South Florida development is a waterfront property that broke ground in June 2017 and is scheduled for completion in July.
JV Acquires 371-Bed NY Student Housing Asset
The student housing community serves students attending Binghamton University. This deal marks OC’s third acquisition at a SUNY school.
MA Modular Development Moves Forward
More than 100 “boxes” that will create residential units in Newton, Mass., are being installed as the mixed-use project prepares for a summer opening.