News
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.
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.