News
Newmark Knight Frank Brokers Sale of Luxury Texas Asset
Vice Chairman Patton Jones worked on behalf of seller LIV Development in the disposition of The Ace, a 330-unit property located roughly 25 miles of Austin.
Caton Flats Affordable Project Breaks Ground in Brooklyn
The 255-unit community developed by BRP Companies will also house a revitalized and expanded Caton Flats Market, a city-owned cultural institution, along with office and community spaces.
Newly Completed Houston Community Receives $28M Refi
Leon Capital Group will use the financing to retire an existing construction loan from Bank OZK for their 220-unit 1711 Caroline community.
St. Louis-Area Assisted Living Communities Change Hands
Cedarhurst Living partnered with Triloma Seniors Housing on the acquisition of two properties totaling 135 units in Madison County. Cedarhurst will manage the communities.
JLL Income Property Trust Grows Portfolio
The company paid $81.8 million for a 280-unit luxury asset located in Bothell, Wash., a Seattle suburb. The acquisition brings the company’s aggregate apartment allocation to more than $820 million.
NorthMarq Arranges $19M Refi for Seattle Community
The 10-year, fixed-rate loan was given to J.B. Matteson Inc. for the 124-unit Greenhouse Apartments, a LEED Silver-certified property.
Affordable Senior Housing Breaks Ground in Illinois
The 60-unit Residences of Crystal Lake is slated for completion by March 2020.
Puerto Rico Mixed-Income Community Breaks Ground
Construction has begun on the Jose Gautier Benitez development in Caguas, a 438-unit residential development on the site of a former housing project.
Alpha Capital Partners Seals 2nd Opportunity Zone Deal
The private equity real estate investment firm is adding a 342-bed student housing community to its Opportunity Zone portfolio and plans to reposition the property, which is located near the University of Louisiana at Lafayette.
Finfrock Breaks Ground on $50M Florida Residence Hall
The 700-bed property at Florida A&M University will cover 182,000 square feet. The U.S. Department of Education is backing the project in Tallahassee via a large loan.