Finance & Investment
Cornerstone Managed Properties Buys Cleveland-Area Community
The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.
PNC Bank Secures $33M Loan for Cleveland-Area Community
The Hamptons Luxury, located in Beachwood, Ohio, is owned by a joint venture between Millennium Management and Forest City Enterprises.
LA-Area Property Changes Hands for $10M
A local investor has purchased the 83-unit community from Positive Investments. The Mogharebi Group represented both parties in the deal.
HFF Facilitates $800M Refi for Starlight
The Toronto-based company will use the financing to reduce its exposure to interest rate hikes, extending the weighted average term to maturity to 6.1 years.
Equity Management Partners Sells Tampa-Area Community
Marcus & Millichap facilitated the sale of LeMans, a 198-unit property located in Lakeland, Fla. The company represented the seller and procured the buyer in the deal.
Chicago Multifamily Tower Lands $149M Refi Loan
The Gallery on Wells is a recently completed 40-story residential building situated in the River North submarket.
Suburban CO Community Commands $42M
Located in Boulder County, close to major employment centers and developing areas, Stonebridge at Twin Peaks encompasses 172 garden-style units.
NKF Arranges Sale of 3 TX Assets in 2 Deals
All three assets, totaling 905 units, are located in south Austin. Farmhouse is a core luxury community, while Estates at Southpark Meadows and Terraces at Southpark Meadows are value-add properties.
MRC Provides $68M For New Jersey TOD
The funding will be utilized for a two-phase, 640-unit project adjacent to the new PATH train station in Harrison.
Cushman & Wakefield Arranges $50M Sale in Fort Myers
The firm represented Mosaic Development in its disposition of Mosaic at the Forum, a 252-unit, newly constructed apartment community managed by Incore Residential.