Cities
LA Development Receives $22M Financing
George Smith Partners secured the loan for the development of a 51-unit workforce community located in the Koreatown district.
Quad Property Group Expands FL Footprint
The company paid $10.8 million for a 152-unit value-add community in Jacksonville, financed by a nearly $8 million Fannie Mae loan.
Pollack Shores Grabs Atlanta Asset
The seller, a joint venture between McCann Realty Partners and Admiral Capital Group, purchased the community in early 2016 for $24.8 million.
Goldman Sachs Snags 821-Unit Philadelphia Community
The purchase of Chestnut Hill Village marks the company’s 18th investment, bringing its total portfolio to 5,600 units. HFF worked on behalf of the new owner to arrange a 10-year, fixed-rate acquisition loan.
JV Acquires Massive San Diego-Area TOD
TruAmerica Multifamily and Intercontinental Real Estate Corp. secured Alterra & Pravada at Grossmont Station, a 527-unit property in La Mesa.
CIM Group Makes DC Mixed-Use Purchase
Trellis House is a newly constructed property in the city’s Shaw/U Street Corridor with 319 units and 11,000 square feet of ground-floor retail.
Job Gains Sustain Demand in Tampa
Above-average population and employment gains have generated a fast absorption of new multifamily product. As a result, rents went up 4.0 percent year-over-year through May.
CA Ventures Opens Chicago South Loop Community
The 320-unit Eleven40 bears the signature of designer SCB, with interiors by BKV Group. The community is currently 85 percent occupied.
CBRE Brokers Largest Sale in Orlando History
A joint venture between GoldOller Real Estate Investments and The Family Office sold two assets and a total of 876 units located in the city’s Altamonte Springs submarket.
Modern Meets Holistic: Designing Healthy Homes
Integrating green spaces into a community is not just an aesthetics decision. Architects are more and more devoted to designing healthy buildings, that not only please the eye, but also offer a sense of well-being. Brooklyn’s 550 Vanderbilt and 535 Carlton include biophilic elements that bring nature at residents’ doorstep.