News
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.
Wolff Sells Central Coast Apartments for $30M
CBRE originated a $21 million financing package through Fannie Mae to fund the acquisition of the 96-unit Class B community.
Sound Seal Adds New Boards to Sound Quality Portfolio
The Polyester Acoustical Board is an eco-friendly, polyester acoustical panel, while the Theater Board tiles are made from lightweight, black-dyed acoustic fiberglass.
Austin-Area Asset Changes Hands
Strategic Property Investment financed the acquisition of the 254-unit property in Kyle, Texas, through a $27.1 million Fannie Mae loan.
California Community Receives $12M Refi
CBRE’s San Diego office arranged the 10-year, fixed-rate loan through Fannie Mae, on behalf of the borrower, United Development Group.
CA Property Sells for $17M
The Mogharebi Group arranged the transaction and represented both parties in the sale of a 196-unit community located in Kerman.
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
Nashville Project Lands $32M Construction Loan
Buckingham Cos.’ luxury community, which opened its doors in 2017, is growing by 296 apartments. U.S. Bank provided financing for the second phase.
Gemdale, Blake|Griggs Break Ground on Berkeley Community
The joint venture has started the construction of Blake Street Apartments, an 84-unit transit-oriented development located near the city’s downtown.
STAR Real Estate Ventures Lands $323M Refi for 13-Property Portfolio
Berkadia arranged a 7-year, fixed-rate loan for each property in the portfolio, which totals nearly 4,000 units across seven states throughout the Southeast and Midwest.