News
Massie Capital Management Secures $23M for LA-Area Community
HFF worked on behalf of the borrower to arrange the financing deal for William Penn Apartments, a 189-unit building in the Koreatown neighborhood.
504-Unit Community Changes Hands in Houston
GVA Real Estate Investments purchased Sandridge using $38.9 million in financing from Ready Capital. The property spreads across approximately 19 acres and comprises 41 buildings.
CWS Capital Buys Phoenix Apartments
Walker & Dunlop originated more than $38 million in Freddie Mac acquisition financing for the buyer’s $60 million purchase of the Class A, 320-unit community.
Draper and Kramer Bringing New Community to Chicago’s South Loop
The 275-unit development will be located nearby McCormick Square and will be the largest community built in the area since 2010.
Oakland Affordable Housing Development Lands $32M Loan
Parkview Financial provided the construction financing for a 102-unit adaptive-reuse, live/work rental property.
Cushman & Wakefield Brokers $56M IN Sale
Castle Rock, a 740-unit apartment property in South Bend, was acquired by a joint venture of Sinatra & Co. Real Estate, L5 Investments and Odyssey Properties.
Kansas City Multifamily Report – Winter 2019
Despite an uptick in deliveries, demand for apartments remains robust across the metro, where occupancy in stabilized properties rose to 94.9 percent as of November.
New Affordable Housing Slated for Midtown Manhattan
New York City has tapped several development firms to build 260 affordable apartments on two city-owned sites in the Clinton/Hell’s Kitchen neighborhood.
TN Luxury Rental Property Breaks Ground
Developed by Fickling & Co. and Novare Group, the 250-unit Lullwater at Hixson community is scheduled for completion by the fourth quarter of 2019.
Husqvarna Designs AI-Enabled Robotic Mower
The Automower 435X AWD is fully autonomous and manages rough terrain and steep slopes. It includes remote and voice command and has built-in safety features.