Deals
CBRE Arranges $55M Portland Asset Sale
Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment division worked on behalf of the seller of the 149-unit, mid-rise property, of which 38 apartments are affordable.
Kamson Corp. Sells NJ Community for $50M
Gebroe-Hammer Associates arranged the sale of Forrest Hill Terrace Apartments, a 452-unit garden-style community located in Newark.
Hines Sells 244-Unit LEED-Certified Cambridge Community
Rising six stories, the newly built, Class A community is located in the northeastern part of the city, next to the MBTA Alewife station
Top 10 Chicago Multifamily Transactions in 2017
Although relatively quiet for a gateway market during the first half of 2017, the city’s apartment sector picked up in the second half of the year, marked by several $100 million-plus transactions.
Resource Real Estate Grabs Atlanta Property
The 324-unit asset, situated in the city’s northwestern suburbs, includes a mix of one- to three-bedroom apartments across nine buildings.
CIBC Provides $25M Construction Loan for Ft. Lauderdale Tower
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
Audubon Enters Raleigh-Durham Market
The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.
E&M Management Buys 2 NY Properties
The two communities, located in Port Ewen and Kingston, traded for $44 million. The purchase was funded with a $33 million loan.
Gebroe-Hammer Arranges $26M Sale in Bethlehem, PA
The townhome community comprises two-, three- and four-bedroom units and is located near the city’s historic center, as well as several large employers.
Arcan Capital Picks Up Atlanta-Area Apartments
The 102-unit community, situated approximately 14 miles from Atlanta’s urban core, will undergo more than $2 million in renovations.