Cities
Marcus & Millichap Brokers MN Property Sale
Evan Miller of the company’s Minneapolis office and the firm’s national group sold The Hillcrest Apartments in South St. Paul.
5 Innovative Products from NAA’s 2018 Apartmentalize
At the National Apartment Association’s recent event, nearly 10,000 attendees gathered to take in the latest information on the evolving multifamily industry. Here are some of the newest products aiming to change the market.
AHV, Bristol Group Begin Construction on TX Single-Family Community
Pradera in San Antonio will offer 250 luxury homes, as well as a swimming pool, a clubhouse and a dog park. Pre-leasing is set to begin during the third quarter of 2018.
Dominion Realty Sells $69M NC Community
Centric Gateway in Charlotte is a 297-unit, newly completed mid-rise community with major street exposure. HFF brokered the deal on behalf of the seller.
Capital One Secures $23M for Atlanta-Area Apartments
The company structured a $22.6 million Fannie Mae fixed-rate loan for The Parc at 1875, a 352-unit community in College Park, Ga.
Miami Asset Commands Record Per-Unit Price
Colliers International South Florida’s Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.
Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
29th Street Capital Buys First SLC-Area Community
The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.
Goodman Real Estate Buys WA Property for $32M
Colliers brokered the sale of the apartment community, which encompasses 216 units in six buildings. The 1985-built property was recently renovated.
Bellwether Enterprise Selects New VP
Ilya Weinstein will oversee loan production for affordable housing properties throughout New York City and the northeastern U.S., bringing to this new role more than seven years of mortgage lending experience.