Cities
Atlas Real Estate Partners Acquires FL Property
The company purchased Pier 5350, a 400-unit community in Jacksonville, and plans to make green upgrades to the property.
Austin Trophy Tower Changes Hands
American Realty acquired Northshore, a 439-unit property with 52,083 square feet of retail and office space, from High Street Residential.
Greystone Development Begins Leasing Brooklyn Community
No. 223, located in Park Slope, was designed by Daniel Goldner Architects. The community includes 63 units and a virtual doorman, a chef’s kitchen and a landscaped roof deck.
Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.
Jersey City Waterfront Luxury Community Debuts
The Hampshire Cos. and Claremont Cos. finished work on RIVET, a 163-unit property in the city’s west end. The asset is part of University Place, a master redevelopment plan encompassing eight luxury buildings.
Demand Fuels Growth in Chicago
Multifamily rents are increasing at the fastest pace since November 2016, reaching 1.8 percent year-over-year as of June.
Walker & Dunlop Facilitates $37M South Florida Transaction
Managing Directors Roberto Pesant and Chris Conklin, together with Senior Analyst Omar Morales of Walker & Dunlop Investment Sales represented the seller, Principal Real Estate Investors.
Asset Campus to Manage New Student Housing Community in Austin
The 14-story high-rise development is slated for completion in 2019 and about 10 percent of its units are affordable.
Affordable CA Asset Trades for $30M
Marcus & Millichap facilitated the sale of Grandon Village, a 161-unit community in San Marcos. The age-restricted property was fully occupied upon closing.
Greystone Arranges $69M for MD Property
Brokers Dan Sacks and Eric Rosenstock of the company’s New York CIty office originated the Fannie Mae DUS loan for the purchase of a 486-unit community in Lanham.