News
NYC Firm Awarded $70M to Build Modular Housing Community
Thorobird Cos., in a partnership with Bangladeshi American Community Development & Youth Services, will develop a 167-unit affordable property in Brooklyn.
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
Pollack Shores Enters Mid-Atlantic Market
The company acquired The Flats at West Broad Village, a 339-unit apartment community in Glen Allen, roughly 15 miles from Richmond, Va.
LMC Breaks Ground on Seattle Mixed-Use Project
Ovation is a 548-unit luxury apartment community scheduled for completion in 2021. The development also features 6,000 square feet of ground-level retail.
Decking Products Made of Recycled Materials
The UV-treated Trekker collection is FSC-certified, comes in three color grades and is suitable for both external and internal use.
Freeman Webb JV Refinances TN Apartments
Newmark Knight Frank Multifamily Capital Markets originated $29 million in financing through Fannie Mae for a property in Nashville. The mortgage retires a prior loan of $21.7 million.
Nashville Community Gets $39M Refi
PGIM Real Estate Finance originated the new 10-year Freddie Mac loan, which retires CMBS debt of nearly $34 million taken in 2015.
Cushman & Wakefield Brokers Sale of Luxury AZ Asset
Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller of the 150-unit Class A community in downtown Tempe.
Luxury Community Breaks Ground at Round Rock Premium Outlets
Parkside at Round Rock, a Simon asset, will comprise 433 units anticipated to open in early 2020 just outside of Austin, Texas.
Stillwater Capital to Add 2 New Communities in Austin
The company is developing a 259-unit property in the suburb of Leander, as well as a 222-unit project in the Riverside neighborhood, within Austin’s designated Opportunity Zone.