Finance & Investment
Colliers Sets Records in Sale of 2 Seattle Assets
Both the 23-unit Pomelo Heights and The Willet, comprising 20 small efficiency dwelling units, sold for some of the region’s highest prices per square foot.
JB Matteson Buys $53M Seattle Property
Built in 2017, Origin Apartments in the Lake City area includes 153 units. The transaction marks the addition of the company’s fifth asset in the city.
Fort Myers Community Lands $41M Loan
Located at 4930 US Highway 41, in the Cleveland Avenue Redevelopment Area, Grand Central Apartments will comprise a total of 280 one- and two-bedroom units.
Eastern Consolidated Arranges $350M Loan for NY Condos
JD Carlisle Development Group and Fosun International are building a 66-story luxury property in Manhattan. Adam Hakim, James Murad and Andrew Iadeluca secured the financing for the project.
Dominium Lands Refi for Atlanta Multifamily Property
The 128-unit fully affordable community sits 20 miles west of the city and offers a mix of two- and three-bedroom apartments.
JV Sells Luxury MD Property to BlackRock
Built in 2015, the Flats at Bethesda Avenue offers 162 units and 40,000 square feet of retail space.
Multifamily Rents Leveling Off in 2018
In an interview with MHN at the 2018 ULI Spring Meeting, USC Lusk Center for Real Estate Director Richard Green shared his insights on the state of the industry and the challenges facing the sector.
NJ Asset Lands $31M Loan
Capodagli Property Co. will use the construction mortgage from Sterling National Bank to build 172 units in the first phase of Meridia Brownstones in Rahway.
Fogelman Properties Hires New Acquisitions VP
Mike Aiken brings more than 12 years of experience to the firm. In his new role, he will oversee the company’s multifamily acquisitions.
2 CA Properties Obtain $125M
KeyBank Real Estate Capital originated the loans for the 385-unit Paseos Apartment Homes in Montclair and the 225-unit Pier in Los Angeles.