Finance & Investment
NYC’s New Financing Landscape
How can brokers stay active in a market where an increased number of lenders and intermediaries are chasing fewer deals?
LA Community Gets $41M Loan
Panoptic Development’s 154-unit community is located in the Canoga Park section of the San Fernando Valley. NorthMarq Capital arranged the construction financing for the property.
OC Senior Living Facility to Undergo $30M Renovation
R.D. Olson Construction has begun work on the Atria Senior Living property in Newport Beach, Calif. Plans call for a new South wing and a fully renovated North building.
Magnolia Sells Raleigh Community After Short Hold
HFF marketed Stonehenge Apartments on behalf of the seller, which purchased the property last year for $56.7 million.
JPI Sells 371-Unit Luxury Community in Texas
Completed in 2017, Jefferson Riverside is the company’s latest development in Las Colinas. IPA brokered the sale of the property.
Greystone Secures $32M Refi for IN Community
The 304-unit pet-friendly residence is situated close to Metropolis Mall and to other various shopping, dining and entertainment venues.
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
80 Percent Affordable Community Replaces DC Hospital
Flaherty & Collins Properties and Anacostia Economic Development Corp. are developing Residences at St. Elizabeths East, which contains 202 affordable apartments.
Atlanta Apartments Command $31M
Berkadia represented Aspen Square Management in the sale of West Eleven Apartments, a 224-unit property located in the city’s Sandtown neighborhood.
JV Acquires 2 Houston Communities
Greybrook Realty Partners and Marlin Spring Investments paid $68 million for the garden-style properties in the city’s Romano Woods neighborhood.