Cities
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.
HAP Investments Promotes Andrea Lawrence to Deputy CEO
Lawrence, who has been with the company since 2013, will work with Co-Founder & CEO Eran Polack to plan, develop and manage the firm’s real estate portfolio.
Red Capital Arranges Loan for Historic PA Conversion
The $7.8 million financing will be used to transform a century-old tobacco warehouse in Lancaster County into Tobacco Road Apartments.
CPC Originates $11M Refi for Brooklyn Assets
The finance company provided the Freddie Mac loans for three multifamily properties in Cypress Hills, Crown Heights and Fort Greene.
Praedium Group Acquires GA Community
The 500-unit multifamily property is spread across 22 three- and four-story buildings in Newnan, Ga.
Meridian Arranges $258M for NJ Multifamily Developments
Madison Realty Capital provided the financing package for the owner, Accurate Builders & Developers, for three multifamily projects in Bayonne, Linden and Raritan, N.J.
CBRE Facilitates $14M Loan for Recently Built NC Community
Kristen Reilley and Nate Sittema led capital markets efforts to secure a 10-year, fixed-rate acquisition financing for Beaucatcher Flats in Asheville.
CBRE Brokers $93M Denver Community Sale
Dan Woodward, David Potarf and Matthew Barnett worked on behalf of the seller, a joint venture of TruAmerica Multifamily and Investcorp.
DMG Investments Opens Luxury NJ Condos
One Park, located in Cliffside Park, offers 204 apartments with access to amenities such as a squash court and a heated pool.
Miami Beach Community Lands $5M Loan
Eastern Union Funding arranged the financing for the acquisition and conversion of a 12-unit building into 18 short-term rental apartments. BridgeInvest provided the loan.