Cities
$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.
Dallas Housing Authority Aims to Grow Texas Affordable Housing
The agency has formed public-private partnerships with 12 different firms in order to redevelop seven of its properties.
Cottonwood Residential Sells Nashville Apartments for $40M
The new owner rebranded the 327-unit Class B community as Allegro on Bell, with SunTrust Bank facilitating the acquisition through long-term financing.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in December 2018 in New York City.