Finance & Investment
Deluxe Bay Area Asset Commands $320M
Aimco spared no expense when building Indigo, a new 10-story luxury community in Redwood City, Calif.
On the Market: 5 Interesting CRE Listings for the Week of 8/15
This week’s selections include a Victorian-era building in downtown Bangor, Maine and an infill site near Arizona State University in Tempe, Ariz.
Steadfast REIT Grows in Peachtree State
The non-traded multifamily REIT sponsored by the private investment company paid about $56 million for a freshly renovated garden-style community in Marietta, Ga.
High-Rise Fetches High Price in Buckhead
Simpson Housing paid $137 million for the 370-unit property, part of an upscale mixed-use project developed by OliverMcMillan.
South Florida Community Trades for $12.4M
The 114-unit property in Margate is under new ownership for the first time in 27 years.
UIP Buys D.C. Building with a History
Urban Investment Partners plans 250 market-rate units for a former college dorm and hotel that played a cameo role in the Watergate scandal.
NC Student Housing Secures $42M Refi
Capstone Capital arranged refinancing for a new off-campus facility in Greenville developed by Taft Development and Ward Holdings.
CityView Closes Latest Multifamily Fund, Totaling $150M
The equity fund totals $150 million and will invest in multifamily housing in various markets.
MAA and Post Properties, Inc. Plan $17B Merger
The merger will create the leading Sunbelt-focused apartment platform.
Busy July for Dwight Capital
A national commercial lender ended July on a high note, funding more than $262 million in FHA/HUD loans for several multifamily communities in the country.