Cities
Tackling San Diego’s Affordable Housing Crunch
San Diego is dealing with its most severe affordability crisis in 25 years. Local developer Affirmed Housing’s Jim Silverwood and SVA Architects’ Ernesto Vasquez share their views on local housing legislation and trends in the sector.
Manhattan Market Gains Momentum
Rents, occupancy and development are all on the rise. The financial sector, in particular, is providing an influx of affluent residents looking to live in the borough’s most popular neighborhoods.
San Jose Luxury Community Trades for $104M
Republic Urban Properties sold the 2015-built, 218-unit asset located within a mile of downtown. HFF represented the seller and procured the buyer.
SmartStop Affiliate Closes Equity Raising for Student Housing Portfolio
The Power 5 Conference Student Housing I DST comprises YOUnion @ Columbia, a 760-bed community, and YOUnion @ Ann Harbor, a 345-bed property.
Tampa Property Trades for $36M
Harbor Group International sold the community to Frankforter Group. Fannie Mae facilitated the transaction with $28.9 million in acquisition financing.
Demand Outstrips Supply in Las Vegas
The metro has one of the most affordable business climates in the U.S., attracting companies and residents alike, mainly from neighboring Southern California.
AvalonBay Buys $83M Luxury Asset in Suburban Baltimore
A joint venture between Trammell Crow Residential and an affiliate of Western & Southern Financial Group sold the 310-unit community in Linthicum Heights, Md.
Oxford Properties Sells Newly Built FL Community
PGIM Real Estate Finance provided the buyer with a 10-year, non-recourse Freddie Mac acquisition mortgage, which amortizes over 30 years.
Jacksonville Affordable Community Opens Doors
The Vestcor Cos.’ 96-unit senior living asset—the first in Clay County—welcomed its first residents, approximately one year after breaking ground.
Sunshine State Portfolio Changes Hands for $98M
Priderock Capital Partners has picked up the two Class B communities, totaling 550 units, with $67 million in acquisition financing from Freddie Mac.