Cities
LA Luxury Community Receives $25M Financing
Wilshire Skyline has received the loan for the acquisition of the newly developed The Line Lofts located in Hollywood, Calif.
Related, Atria to Target $3B in Senior Housing Pipeline
The two companies are planning luxury high-rise properties in major U.S. markets, starting with New York City and San Francisco.
Boston Waterfront High-Rise Receives Financing
HFF has facilitated $341 million in construction financing and joint venture equity for Cronin Development’s luxury condominium tower, which is underway in the Seaport District.
Snell Enters D.C. Luxury Market With $43M Buy
Elysium Fourteen, situated in central Washington, D.C., is an adaptive reuse project incorporating two historic buildings. The property includes 12,800 square feet of retail.
Seattle Student Housing Receives $64M Construction Loan
The 24-story community will serve students attending the University of Washington, situated roughly 2 miles from the project. CapitalSource provided the 5-year term loan.
Resort-Style Community Changes Hands in San Antonio
Benimax purchased the 336-unit asset from Stone River Co., in a transaction subject to a $40 million Freddie Mac loan.
Seattle’s Construction Surge Continues
The metro’s multifamily market remains robust, thanks to increased investor interest and one of the strongest job markets in the country.
Red Capital Group Expands Into San Francisco
The firm has tapped Patrick McAllister as its new director of multifamily originations, building up its presence in the Bay Area and Pacific Northwest.
CBRE Arranges TX Student Housing Sale
The company’s Jaclyn Fitts, William William Vonderfecht and Casey Schaefer brokered the sale of the 1,005-bed community on behalf of Dovetail Development.
Brand Properties Sells Atlanta Portfolio for $133M
Blaze Partners acquired the two recently built communities, which comprise more than 600 luxury units in two of the metro’s booming submarkets.