News
Chicago Luxury Tower Lands $215M Refi
Perkins Coie represented the borrower, Optima Inc., in arranging a loan to refinance construction debt on the 57-story Optima Signature high-rise.
Oklahoma Apartments Change Hands
The transaction marks Timberland Partners’ third acquisition in the state, bringing the company’s national portfolio to more than 13,800 units.
JP Morgan Opens Nashville-Area Community
The developer kicked off construction of the project in 2013. Built to achieve LEED Silver certification, the 328-unit asset is within a mile of more than 1,000 apartments currently underway.
Giving Thanks: What Makes Renters Grateful
What do you love about your community? That’s what MHN and Kingsley Associates sought to find out in this month’s resident feedback.
Penn State Development Breaks Ground
Scheduled for completion in 2020, the 12-story mixed-use complex in State College, Pa., will have 227 apartments and 30,000 square feet of retail space.
Common, CityPads Break Ground on Chicago’s Largest Co-Living Home
Upon completion, Common Addams will include 223 beds and access to more than 5,000 square feet of shared amenity space, marking the partnership’s third project in the city.
Hines to Develop Luxury Community in Phoenix
The company’s first multifamily project in the city will target professionals working in the downtown area and looking for a high-end lifestyle in a core location.
Quay Tower: Behind Brooklyn’s First Smart Condo Building
RAL CEO Robert Levine and Douglas Elliman’s Molly Townsend unveil details about the upcoming high-rise—a testament to their companies’ smart-living philosophy. Their strategic partnership with Amazon will offer total smart home automation to all residents.
Suburban Atlanta Asset Changes Hands
Domum Real Estate Partners traded the 175-unit community for more than $22 million, with the buyer financing the acquisition with a $15 million Freddie Mac loan.
29SC Expands Houston Presence With Value-Add Asset
The privately held firm plans to invest more than $2 million in capital improvements in the 17-building community located 23 miles northwest of downtown Houston.