Cities
MRC Provides $68M For New Jersey TOD
The funding will be utilized for a two-phase, 640-unit project adjacent to the new PATH train station in Harrison.
Cushman & Wakefield Arranges $50M Sale in Fort Myers
The firm represented Mosaic Development in its disposition of Mosaic at the Forum, a 252-unit, newly constructed apartment community managed by Incore Residential.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in October 2018 in New York City.
HTG Opens 100-Unit South FL Affordable Community
Arbor View is a $27 million development in Margate, roughly 18 miles from Fort Lauderdale. The community is restricted to residents 55 years and over.
Strategic Property Partners Breaks Ground on Tampa Building
The firm has kicked off the construction of 815 Water Street, a 420-unit two-tower community. The construction marks the first residential building of the Water Street Tampa project.
Detroit-Area Communities Receive $47M Financing
Both Fannie Mae Green Rewards loans include a 10-year term and a low fixed rate. Greystone originated the refinancing on behalf of Singh Development Co.
Mega-Developments Abound in Philadelphia
Despite a multifamily supply surge in recent years, occupancy in stabilized properties saw only a modest decline of 30 basis points year-over-year in July.
American Landmark Expands TX Footprint
Legends at Ridgeview Ranch totals 480 units and is located in north Plano. The new owner is planning to invest nearly $4 million in capital improvements.
Olympus Property Adds OC Community to Its Portfolio
360 Residential sold the recently completed 280-unit, boutique-style, luxury development located in Irvine, Calif., approximately 3 miles from John Wayne International Airport.
BCB Secures $78M Refi Loan for NYC Portfolio
The six communities are located on Manhattan’s Upper West Side and have undergone $10 million in capital improvements since they were acquired in 2014.