Cities
Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.
Multifamily Houston Report – Winter 2019
Despite a deceleration in rent growth following record deliveries over the past three years, investment sales for 2018 totaled more than $4.5 billion through November.
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.
2 Bay Area Properties Trade for $20M
The assets add up to 58 units and are both located close to several large tech employers. Levin Johnston brokered the transactions.
Indus Management Group Acquires Houston Asset
Vanderbilt Court, located in southwest Houston, was purchased for $11 million. The buyer secured an $8.2 million loan for the property.
236-Unit Community Underway in Miami
Developed by Asia Real Estate and a Canadian pension fund, the building will replace the former American Legion Post 29, which for decades has been a popular spot in the city’s MiMo District.
Tusk Equities Expands in Atlanta
Arbor Commercial Funding provided more than $9 million in acquisition financing for the property, which marks the buyer’s third purchase in the metro in the past year.
Sterling Properties Opens NJ Luxury Community
Dubbed SOMA, the transit-oriented property in Somerville, N.J., is a block from the train station and aims for LEED Gold certification
Multifamily Atlanta Report – Winter 2019
The 20,000 units delivered since the start of 2017 are quickly being absorbed, with occupancy in stabilized assets climbing to 94.4 percent in October.
Jacksonville Community Trades for $15M
The seller, DEL Development, purchased the asset in 2011. The new owner obtained more than $14 million in acquisition financing from The Bancorp Bank.