Finance & Investment
Philly Apartments Obtain $25M for Refi
HFF placed the 15-year loan with Principal Real Estate Investors, with the proceeds used to refinance the construction loan on the property.
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.