Development
Affordable Housing Coming to Portland
The 88,000-square-foot project will include 203 units and nearly 30,000 square feet of ground-floor retail space. The Oregon community is slated to open in 2019.
JV Acquires $200M AZ Development
Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
Phoenix Realty Acquires $28M Tampa Asset
Tuscany Villas Apartments in Brandon, Fla., will be rebranded as Alvista Sterling Palms. The company has plans to make significant exterior and interior upgrades to the property.
Morgan Develops Orange County Apartments
Pearl La Floresta, a 204-unit apartment community in Brea, Calif., includes a rooftop sky lounge, a 24-hour cyber café, a resort-style swimming pool, and barbecue grills.
Robson Opens AZ Luxury Community
Noria, a 237-unit property in Chandler that will open in March, includes a resort-style swimming pool and a whirlpool spa.
One Thousand Museum by Zaha Hadid Tops Off in Miami
On track for an early completion in 2018, the 62-story tower is the late Pritzker Prize winner’s first and final residential skyscraper in the Western Hemisphere.
Wolff Launches WA Resort-Style Senior Housing
Revel Issaquah is located near Lake Sammamish and will feature 146 independent living units. The community is slated for completion in late 2018.
Houston Luxury Community Tops Off
Expanding Memorial City’s site, the 670,000-square-foot Barryknoll project will feature one-, two- and three-bedroom layouts. The development is scheduled for completion by August 2019.
Walker & Dunlop Procures $50M Loan for Phoenix Asset
The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.