Cities
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
RED Capital Group Expands in LA-Area
RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco.
$190M Secured for LA-Area Luxury Community
JPI will use the financing to develop a 480-unit Class A property situated within Vista Canyon, a 185-acre mixed-use master-planned development in Santa Clarita.
Luxury Community Changes Hands in KC
Union Berkley Riverfront Park includes 407 units and 12,400 square feet of retail space. Flaherty & Collins Properties broke ground on the project in 2016 and completed it in 2018.
Marcus & Millichap Facilitates Chicago Sale
The firm has brokered the transfer of an 81-unit community located in Chicago’s Rogers Park neighborhood, approximately 11 miles from downtown.
Newly-Constructed Houston-Area Community Changes Hands
Oxford Enterprises Inc. purchased the 224-unit property located in Waller, Texas, from T.R. Inscore in a transaction facilitated by Institutional Property Advisors.
JLL Negotiates Historic NC Multifamily Deal
The firm worked on behalf of Novare Group to handle the $200 million sale of a two-tower community encompassing 672 units in Charlotte’s coveted Fourth Ward Uptown district.
St. Louis Makes Modest Gains
The metro’s multifamily market continues to improve at a middling rate, as its population and job market grow at a pace below the national average.
Marquette Cos., DRA Advisors Buy Chicago-Area Asset
The joint venture acquired the 558-unit community in Westmont, Ill. The seller was Long Wharf Capital LLC.