Finance & Investment

North FL Development Lands $31M Financing

The Highline, an eight-story, 171-unit project in Melbourne, kicked off construction in June and is slated for completion in early 2020.

Market Rate

Bolour Breaks Ground on $24M Luxury LA Community

The Riverside development in Silver Lake will comprise 65 units and offer access to a swimming pool, a gym and a club room.

Luxury

Maxx Properties Acquires Salt Lake City Property

The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.

Market Rate

Regions

Change City

South FL Asset Lands Freddie Mac Refi

HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.
Miami 17 August 2018 12:06
Tampa Asset Trades Hands for $40M

Investors Management Group has acquired the 276-unit Pavillions at Ballast Point and plans on making significant renovations to the property.
South 16 August 2018 19:00
HFF Arranges $70M Sale of MD Community

The company procured Bridge Investment Group as a buyer for Silver Spring-based Spring Parc, which includes 399 units.
Midatlantic 16 August 2018 18:28
Miami Community Lands $36M Refi

Miami Stadium Apartments, the former site of the Miami Marlins minor league stadium, was converted to multifamily housing in 2002 and offers a fitness center, a playground and a swimming pool.
Miami 16 August 2018 13:13
Indianapolis Mixed-Use Gets $104M

HFF arranged the floating-rate loan for Flaherty & Collins Properties, which used the proceeds to retire construction debt. Heitman originated the loan on behalf of an affiliate.
Indianapolis 15 August 2018 16:54
Greysteel Arranges Acquisition Loan for TX Community

Lancaster Cornwall Apartments offers 265 units and access to amenities such as two swimming pools, a clubhouse and a fitness center.
Houston 15 August 2018 15:47
LIV Development Offloads FL Asset

The buyer, Myers Apartment Group, picked up the newly built 260-unit property for more than $50 million prior to the asset’s stabilization.
Jacksonville 14 August 2018 17:35