Deals
Northern NJ Development Site Trades for $17M
The upcoming apartment community will be located on a former fuel farm, previously owned by Hess Corp. River Development acquired the facility in 2014, and has since demolished it, preparing the riverfront for luxury apartments.
Jackson Square Properties Buys $45M WA Community
With this acquisition, Jackson Square Properties expands its already significant multifamily portfolio in Vancouver, Wash.
Campus Advantage to Manage TX Community
The firm is now handling the operation of a newly built, 384-bed student housing property, which is situated near Sam Houston State University in Huntsville.
Austin-Area Nursing Community Changes Hands
HFF negotiated the sale of Park Manor at Bee Cave, a 140 post-acute skilled nursing community located on the western outskirts of Austin.
Berkadia Facilitates $133M Seattle-Area Sale
Senior Managing Director Kenny Dudunakis and Directors Ben Johnson and David Sorensen represented the seller of the 485-unit Shoreline community.
Hudson Capital Buys 512 Units in NC, GA
The company purchased two communities—Cary Reserve at Weston and Willow Trail—for $66 million, with the aim of investing an additional $7 million for capital improvements.
A New Smart Home Program
As developers are now integrating connected-home devices during the building process, residents can purchase smart homes with built-in, state-of-the-art automation technologies.
Ziegler Closes $95M Financing for Austin Asset
The five-star, CMS-rated community encompasses 301 independent living units, assisted living suites and nursing beds, sponsored by the alumni association of the University of Texas.
C&W Closes Sale of FL Senior Housing
Chicago Pacific Founders acquired Camellia at Deerwood, a 189-unit independent living, assisted living and memory care facility in Jacksonville.
Marcus & Millichap Arranges Sale of IL Prospective Development
Richard Kozarits, Tami Andrews, Joseph Sigal and Richard Lynn were all part of the team involved in the $7 million sale of parcels totaling 35,000 square feet. The land will be used to build The Albion at Evanston, a luxury community in Evaston.