News
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix’s newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
Touch-Based Entry System Detects Break-In Attempts
Features include remote control and monitoring, as well as an Intelligent Authentication Zone, similar to keyless entry systems in cars.
New Nashville Community Gets $48M Refi
The new loan encumbers a recently completed 230-unit Class A multifamily asset in the city’s Music Row neighborhood, replacing a nearly $40 million construction loan from U.S. Bank.
Exact Capital Rehabs 19 Buildings in the Bronx
The firm has teamed up with Bronx Shepherd Restoration Corp. to renovate and preserve 333 affordable apartments and four retail spaces across the New York City borough.
Manhattan Affordable Project Lands $223M in Financing
L+M Development Partners, Jonathan Rose Cos. and Acacia Network are developing Sendero Verde, a 100 percent affordable Passive House community in East Harlem.
San Antonio Multifamily Report – Summer 2019
The nation’s seventh-largest city is facing a sizable economic shift, which is spilling over into the multifamily market.
IPA Facilitates $38M Sale of Tucson Community
The 289-unit Domain 3201 features more than 600 feet of frontage along one of Tucson’s major thoroughfares. The property was 96 percent occupied as of June.
San Francisco Condo Project Lands $77M Construction Loan
The 109-unit development at 1554 Market St. is scheduled for completion in 2021 and will have two 12-story buildings that will also feature 5,010 square feet of retail space.
Bucci Development Sells South Carolina Apartments
Cushman & Wakefield represented the seller in its disposition of The Village at Lake Wylie, a 392-unit property in Charlotte’s submarket of Lake Wylie, S.C.
Boston-Area Community Scores $49M in Affordable Financing
Developer WinnCompanies acquired the 284-unit property, a converted industrial leather tanning complex in Peabody. The deal ensures the apartments will remain accessible to low-income families.