Finance & Investment
Downtown Chicago Tower Changes Hands
Marquee at Block 37 will be owned on a 50:50 basis by Morguard Corp. and Morguard North American Residential REIT.
Hunt Arranges Refi for Trio of Historic Buildings in Detroit
The company provided a 10-year, fixed-rate Fannie Mae conventional loan for Hibbard Tower, Kean Building and Trombley Lodge.
EBSCO Income Properties Pays $53M for Newly Built Community
The acquisition of the 229-unit property was financed through a Freddie Mac loan originated by Hunt Real Estate Capital.
Miami Community Scores $142M Financing
Aztec Group arranged the loan for Art Plaza, Melo Group’s new downtown property.
Starwood REIT Buys North Carolina Property for $111M
Exchange on Erwin features 265 multifamily units and 96,949 rentable square feet of commercial space.
MG Properties Expands Nevada Portfolio
The firm paid nearly $54 million for Marina Village Apartments located in Sparks, Nev.
Castle Lanterra Pays $77M for Tampa-Area Asset
The developer sold the 339-unit, fully occupied luxury community shortly after completion.
Salt Lake City Community Lands $34M Refi
Lake Union Partners’ 263-unit Class A multifamily asset delivered in August 2018.
Bascom Group Trades Las Vegas Community for $70M
The seller had purchased the 308-unit property four years earlier for a fraction of the price.
San Diego Community Trades for $23M
Property West Residential purchased the 60-unit Class B multifamily asset near one of the city’s major universities.