Finance & Investment
HFF Secures $47M Loan for OR Luxury Property
Ira Virden, Mark Erland and Matt Benson of the company’s equity placement team worked on behalf of the developer to secure the loan.
8-Property ID Student Housing Portfolio Trades Hands
Marcus & Millichap secured the buyer and seller for the Rexburg properties, which are all near Brigham Young University-Idaho and include a total of 1,546 beds.
GA Luxury Community Receives $13M
Air Realty will improve ThePad on Harvard in College Park, a 109-unit community built in 2016 that is currently 96 percent occupied.
Progress Capital Lands $26M for Mixed-Use Jersey City Project
The development, which is being built on the site of the former Fairmount Hospital, will feature 99 luxury apartments and 2,240 square feet of ground floor retail.
Lincoln Property Secures $96M for VA Asset
The 403-unit Meridian at Carlyle in Alexandria will be rebranded as Lincoln at Old Town and includes a putting green, a billiards room and on-site dry cleaning.
Greystone Sells Brooklyn Asset for $10M
The company acquired the landmarked property, built in 1910 as Public Bath No. 7, in 2014, then undertook and completed a substantial renovation of the Renaissance Revival-style structure.
Mazis Family Trust Buys 19-Unit San Diego Community
Located at 4560 Florida St., in the University Heights neighborhood, the 1970-built property features a mix of 13 two-bedroom and six one-bedroom units.
Top 10 Multifamily Transactions in the Southern US
Bolstered by an increase in transaction activity over the previous two years, more than 40 communities changed hands in the region so far this year for a total sales volume of roughly $650 million.
RADCO, Columbia Ventures Kick Off GA Development
The $30 million Foundry in Augusta will include 221 units and will open in the summer of 2019.
Mills Properties Trades St. Louis Community
Brass Enterprises picked up the 178-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.