Finance & Investment
Meridian Capital Secures $115M for Brooklyn Asset
Built on a former multi-use site, Hampshire Properties’ 302-unit development will bring a series of upscale amenities to the borough’s largely residential Midwood neighborhood.
Paredim Partners Acquires $27M CT Community
The Arbors at Brighton Park in Bloomfield offers a resident clubhouse, a dog park and a swimming pool. Institutional Property Advisors represented the seller in the transaction.
Bellwether Enterprise Closes $21M in Financing for OH, VA Properties
The deals were part of a larger $38 million financing package that included a hotel and business center.
CBRE Secures $27M for Former MA Chocolate Factory
The historic building close to downtown Mansfield is being redeveloped into a mixed-income, mixed-use property that will contain 130 units.
Grandbridge Finances $52M Student Housing Acquisition
The 264-unit student housing property with 538 beds is located within a mile of a large Midwestern university.
Dominion Realty Sells $69M NC Community
Centric Gateway in Charlotte is a 297-unit, newly completed mid-rise community with major street exposure. HFF brokered the deal on behalf of the seller.
Capital One Secures $23M for Atlanta-Area Apartments
The company structured a $22.6 million Fannie Mae fixed-rate loan for The Parc at 1875, a 352-unit community in College Park, Ga.
Miami Asset Commands Record Per-Unit Price
Colliers International South Florida’s Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.
Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
29th Street Capital Buys First SLC-Area Community
The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.