Cities
Continental Realty, MLG Seal $54M Deal in Phoenix
The acquisition marks the third partnership between the two companies, which are planning a major renovation of the 408-unit property in Tempe, Ariz.
Dallas Community Commands $24M
Maravilla Apartments acquired the 310-unit property from DIJ Properties with financial help in the form of a $17.8 million Fannie Mae loan arranged by Dougherty Mortgage.
Luxury Mixed-Use Project Underway on Capitol Hill
SGA Cos. and Evergreen Private Finance are developing The Rushmore, which will feature 117 high-end apartments, street-level retail and a revamped historic building on Pennsylvania Avenue.
LivCor Trades 288-Unit SoCal Asset
The company sold the Inland Empire asset for more than $63 million, with Capital One providing a Fannie Mae acquisition loan to the buyer.
Jevan Capital Sells San Antonio Community
The property encompasses more than 250 units and is located in the northern part of the city. The deal was subject to a $22.1 million Fannie Mae loan.
Twin Cities Occupancy Rates Remain Sky-High
Favorable demographic and employment trends sustain strong multifamily demand across the metro, where rent growth continues to outperform the national average.
Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
The Habitat Co. Wraps Up $16M Rehabilitation of Affordable Chicago Community
The 153-unit property in East Garfield Park first came online in 1996. The current project is part of the city’s $1.3 billion Five-Year Housing Plan.
$200M Mixed-Use Development Coming to Chicago
Ogden Commons will be built on 10 acres on the city’s West Side, bringing hundreds of mixed-income housing units, along with commercial and retail space to the area starting next year.