News
Wildfires’ Impact on California Housing
With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.
Cornerstone Managed Properties Buys Cleveland-Area Community
The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.
Luxury Senior Living Community Opens in Salt Lake City Area
Buchanan Street Partners has completed the construction of Incline at Anthem, a 298-unit property restricted to adults 55 and over.
PNC Bank Secures $33M Loan for Cleveland-Area Community
The Hamptons Luxury, located in Beachwood, Ohio, is owned by a joint venture between Millennium Management and Forest City Enterprises.
Liquid Capital, Wilson Investment Expand in Atlanta With $51M Buy
According to Yardi Matrix, the property previously traded for $36.8 million in 2016. The new owner plans to invest into an all-encompassing renovation program.
Watt Cos., Schulman Properties Receive $41M Loan for Vegas Community
The developers join the large roster of companies delivering new homes in Olympia Cos.’ 2,750-acre, $200 million master-planned project in southwestern Las Vegas.
LA-Area Property Changes Hands for $10M
A local investor has purchased the 83-unit community from Positive Investments. The Mogharebi Group represented both parties in the deal.
HFF Facilitates $800M Refi for Starlight
The Toronto-based company will use the financing to reduce its exposure to interest rate hikes, extending the weighted average term to maturity to 6.1 years.
Equity Management Partners Sells Tampa-Area Community
Marcus & Millichap facilitated the sale of LeMans, a 198-unit property located in Lakeland, Fla. The company represented the seller and procured the buyer in the deal.
1,000-Unit Affordable Community Breaks Ground in NYC
The development in Brooklyn will be located two blocks from the Coney Island Boardwalk and will include retail and office space.