Cities
HUD Approves $5B State Action Plan for Harvey
The Texas General Land Office will directly administer and oversee the programs associated with the Community Development Block Grant – Disaster Recovery funds.
Western Wealth Completes 40th Acquisition in Phoenix
The Canadian firm expanded its Arizona portfolio with the acquisition of Sun Wood, a 220-unit age-restricted community in Peoria, Ariz.
Dougherty Funding Lands $31M Financing
625 Development will consist of 122 apartments, two parking ramps and a 3,000-square-foot retail space. Reuter Walton Development serves as the general contractor.
Fifield, Terraco Break Ground in Chicago
Dubbed Logan’s Crossing, the building in Logan Square will feature 220 units and a 27,000-square-foot Target store, in addition to other commercial tenants on the ground floor. The residential component is slated to open in November 2019.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.
Kiser Group Appoints New Senior Director
Michael D’Agostino joined the company three years ago and brokered the sale of more than 1,000 units. He oversees Chicago North Side transactions.
Marcus & Millichap Brokers San Diego-Area Buy
Chris Zorbas, senior managing director with Marcus & Millichap, represented the seller in this deal, while ACI Principal Terry More worked on behalf of Paolo & Elisa, the buyer.
ACI Arranges Sale of Small San Diego Community
Principal Terry Moore represented the buyer, while South Coast Commercial Vice President Ben Vogelsang worked on behalf of the seller in this $1.6 million deal.
Stamford Waterfront Community Opens Doors
Building and Land Technology’s Harbor Landing Apartments sits within a mixed-use development encompassing restaurants, a new boatyard, marina and a boardwalk.