Cities
Tarlton Renovates 2 Historic St. Louis Properties
The $28 million project transformed the former Shriners Hospital for Children and Central Institute for the Deaf into The Core Apartment Residences, which includes 160 units.
FPA Multifamily Snags Luxury Chicago Community
The Lex, which previously belonged to Crescent Heights, was purchased free of debt. HFF’s Sean Fogarty, Marty O’Connell, Wick Kirby and Kevin Girard brokered the deal.
2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
Brick Lane Expands Richmond Presence With $25M Buy
BAF Associates sold the 348-unit Falling Creek Apartments, and HFF secured joint venture equity and debt financing.
Praxis Expands Atlanta Presence
Crown Bay Group sold the 200-unit Flint River Apartment Homes after purchasing it in November 2016 for $8 million. This deal marks the buyer’s third acquisition in the area over the past year.
JLL Brokers $62M Denver Community Sale
JLL’s Mike Grippi, Pamela Koster and David Martin secured the sale of the Class A community on behalf of the seller, Holland Partner Group.
Grandbridge Real Estate Closes $31M Financing for MN Property
The company’s wholly owned subsidiary funded the non-recourse loan for Borealis, a 124-unit Class A property in Minneapolis’ North Loop.
Maravilla at the Domain Tops Out
The 230-unit senior living community, on track to meet its anticipated completion in mid-2019, will be served by more than 200 employees.
Increasing Migration Sustains Demand in Salt Lake City
Boosted by a growing population and solid employment gains, Salt Lake City continues to attract multifamily developers. Roughly 8,600 units were under construction across the metro as of June.
Gables Residential Adds 200 Units to Miami Luxury Supply
Gables Columbus Center is a 19-story community in downtown Coral Gables, Fla. Monthly rents here start at $2,306 per month.