News
Detroit-Area Asset Changes Hands
The 129-unit Kings Gate in Sterling Heights traded with the help of a $7 million loan. The property is close to several shopping centers and educational institutions.
Multifamily’s Evolving Market
RADCO Cos.’ CEO discusses multifamily investment and trends at NMHC’s 2019 Apartment Strategies Outlook Conference in San Diego.
Hunt Real Estate Secures Financing for Austin Asset
The 12-building property is fully affordable, restricted to individuals and families earning 60 percent or less than the area’s median income.
JV Secures $60M Loan for Miami Project
Built by a partnership of Mast Capital and AEW Capital Management, Miami River Walk will encompass 688 units. The riverfront development is likely to attract residents from among the large number of health professionals working in the area.
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.
Peak Campus Expands Student Housing Portfolio
The company’s latest management assignments are communities located in Bowling Green, Ky., and Omaha, Neb. Completion is scheduled for August 2019.
Utah Townhome Community Receives $17M Construction Loan
Located in Ogden, with easy access to major employment centers, Moda Vista comprises 79 Class A townhomes. The developer anticipates to begin pre-leasing this fall.
CBRE Secures $33M Acquisition Loan for New Durham Property
Chaucer Creek Capital is the new owner of 54 Station, a 264-unit community completed last year. The company plans to build an additional 24-unit building.
Learn, Network and Have Fun… in Las Vegas
The 2019 NAHB International Builders’ Show in Las Vegas will celebrate its 75th anniversary with a full schedule of multifamily educational offerings and plenty of entertainment options.
Armani’s Manhattan Flagship Makeover to Include Luxury Residences
SL Green and Giorgio Armani teamed up to redevelop the boutique store at 760 Madison Ave., which will feature 19 upscale residences, including one for the famed designer himself.