Finance & Investment
West Shore Invests $44M in SC Property
The company has acquired Riverwalk Apartments, a 307-unit Class A community in Rock Hill, S.C., around 22 miles from downtown Charlotte.
Virginia Development Lands Construction Loan
Scheduled for completion in 2021, the community in Reston will be located close to more than 31 million square feet of office and retail space. Sorrento will include 37 workforce housing units.
Black Creek Group Expands Footprint With $178M Buy
The company has purchased a 333-unit property in Rockville, Md., and a 268-unit building in Winter Park, Fla.
Harbor Group Buys Brooklyn Community for $117M
The 193-unit rental property, named The Frederick, was built in 2017 and is located in the popular Crown Heights neighborhood.
Phoenix-Area Community Changes Hands for $19M
Real estate private equity firm WhiteHaven Capital acquired Ridgepoint Apartments, a 164-unit property in Glendale, Ariz. The six-building asset was built in 1986.
Boca Raton Luxury Tower Secures $225M Loan
The financing will be used to complete the Mandarin Oriental-branded condo project within the mixed-use Via Mizner development.
Suburban KC Community Changes Hands
Block Real Estate Services and Thackeray Partners took out a $40 million Fannie Mae loan to finance the acquisition of the 408-unit Barrington Park Townhomes in Lenexa, Kan.
South FL Luxury Condos Score $75M in Financing
The 48-unit, 103,700-square-foot project will be part of the Ocean Reef Club in Key Largo. The development team includes Peackock + Lewis as main architect and Craft Construction as general contractor.
JPMorgan Chase’s Head of CRE: Prepare for a Correction
Al Brooks discusses the impact of competition and technology on multifamily financing and the types of developments that are attracting the most attention from lenders.
CRA, Roxborough Group Sell Las Vegas Portfolio for $138M
The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years.