Finance & Investment
LA Luxury Community Receives $25M Financing
Wilshire Skyline has received the loan for the acquisition of the newly developed The Line Lofts located in Hollywood, Calif.
Seattle Student Housing Receives $64M Construction Loan
The 24-story community will serve students attending the University of Washington, situated roughly 2 miles from the project. CapitalSource provided the 5-year term loan.
Resort-Style Community Changes Hands in San Antonio
Benimax purchased the 336-unit asset from Stone River Co., in a transaction subject to a $40 million Freddie Mac loan.
Red Capital Group Expands Into San Francisco
The firm has tapped Patrick McAllister as its new director of multifamily originations, building up its presence in the Bay Area and Pacific Northwest.
Brand Properties Sells Atlanta Portfolio for $133M
Blaze Partners acquired the two recently built communities, which comprise more than 600 luxury units in two of the metro’s booming submarkets.
San Jose Luxury Community Trades for $104M
Republic Urban Properties sold the 2015-built, 218-unit asset located within a mile of downtown. HFF represented the seller and procured the buyer.
Why Mallory & Evans Likes Tier 2 University Markets
Brantley Basinger, director of development and acquisitions of the firm, reveals current strategy for success.
Lightstone Refinances 16 Properties in VA
Dan Sacks of Greystone’s NYC office originated more than a dozen Freddie Mac loans for a diversified portfolio of student, affordable and workforce housing.
Tampa Property Trades for $36M
Harbor Group International sold the community to Frankforter Group. Fannie Mae facilitated the transaction with $28.9 million in acquisition financing.
CBRE Facilitates CA Multifamily Transaction
Kevin Mulhern and Rachel Parsons worked on behalf of seller MG Properties Group, while the buyer, Virtú Investments, benefited from in-house representation.