Finance & Investment
CPP Expands Affordable Footprint with $16.5M Buy
The rehabilitation of Plaza Townhomes will keep rents below market for the next 30 years.
On the Market: 5 Interesting CRE for the Week of 8/29
This week’s listings include trendy lofts in Phoenix and a state-of-the-art student housing community near Middle Tennessee State University.
Interstate Equities Buys Silicon Valley Asset for $46M
The institutional fund manager plans to re-brand and upgrade the value-add community in Milpitas, Calif.
Howard Hughes Lands $43M Loan for Upscale Houston Property
JLL Capital Markets arranged the financing for Millennium Six Pines, a Class A+ property in The Woodlands master-planned community north of Houston.
Related Wins $74M Loan for Miami-Area Project
Manor at CityPlace is the first of three multifamily communities the Related Group of Florida is planning at a 48-acre site in the Airport West submarket.
Legacy, SyRES Plan East Bay Double Play
The joint venture will add 180 units to a luxury community in Concord, Calif.
Charlotte Apartments Change Hands
An affiliate of the Carroll Organization has sold ARIUM McAlpine Creek, a 214-unit apartment community in Charlotte, N.C.
Hunt Mortgage Group Facilitates Refi of Strategic Texas Portfolio
The bridge loan will be used to refinance a 920-unit multifamily portfolio.
CBRE Arranges $51M Financing for Miami High-Rise
Upon completion by a joint venture, the 25-story Motion at Dadeland luxury community will offer 260,000 square feet of rentable space.
Bell Partners Expands Colorado Presence
The company has acquired its eighth multifamily property this year, with plans to significantly update and modernize the community.