Cities
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.
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.