Finance & Investment
Colliers Completes Sale of Phoenix Portfolio
The assets comprise 700 units that are 95 percent occupied.
Avison Young Negotiates $34M CA Acquisition
Legends at Rancho Belago was built in 1993 as a 40-unit for-sale condominium property. The remaining 166 residences were added in 2006.
Boston Capital Closes Fund for Foreign Investors
The $500 million vehicle will work with financial institutions, pension funds and wealth managers from both Europe and Asia.
On the Market: 5 Interesting Listings for the Week of 2/6
This week’s listings include a micro-home community in Boulder, Colo., and a newly renovated modern property in Phoenix.
Baltimore Mixed-Use Project Lands $56M Financing
The total cost of the 262-unit development is estimated at $80 million.
IPA Closes $127M Sale of Portland’s Yard Tower
The LEED Silver-certified development was completed in August 2016 and sold with 50 percent of the apartments leased.
Cushman & Wakefield Arranges $59M Sale
The firm represented Watkins Real Estate Group in selling TreePark, a 456-unit community located northeast of Atlanta.
$55M Earmarked for Puget Sound Affordable Housing
KeyBank provided financing to construct a 256-unit property including 4 percent LIHTC in Everett, Wash.
JV Acquires Seattle Community for $141M
Including this new acquisition, Kennedy Wilson now has ownership interests in 10,430 units across 41 communities in Washington state.
The Hanover Co. Receives Financing for Houston Property
The 30-story Hanover Post Oak tower was completed in December 2014.