News
Affordable Community for Seniors Opens in CA
Mission Cove Seniors features sustainable design and eco-friendly amenities for seniors, formerly homeless and veterans at its Oceanside location.
Downtown Cleveland Redevelopment Receives $40M Loan
With the construction loan secured by Berkadia, the former John Hartness Brown complex will be reinvented as The Euclid Grand, a mixed-use development.
Detroit-Area Community Lands $87M Refi
The new mortgage, held by PGIM Real Estate Finance, pays down a previous $70 million CMBS loan on the 667-unit property.
Chase Properties Buys St. Louis-Area Asset
The company partnered with Gold Block Ventures to acquire New Town Apartments in St. Charles, a 157-unit community completed in 2004.
Stepp Arranges Sale of Santa Monica Community
The community sold for a total of $4.3 million at a 3.7 percent cap rate. Stepp Commercial represented both parties in the deal.
Hayden Properties Sells TX Portfolio
RSN Property Group picked up the two Class B San Antonio communities, financing the transaction with a nearly $31 million mortgage.
Berkadia Arranges $39M Acquisition Loan for FL Community
Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior Analyst Lourdes Carranza-Alvarez of Berkadia’s South Florida office worked on behalf of the buyer.
200K-Plus Apartment Units in the Path of Hurricane Michael
More than 205,000 multifamily units in Florida, Georgia, South Carolina, North Carolina and Virginia were in the path of Hurricane Michael, which came ashore in Florida as one of the strongest ever to hit the U.S.
Genesis Cos. Launches $20M Rehab of NJ Apartments
Vista Village Apartments in East Orange, a former public housing facility, is a 100-percent affordable building that includes 180 units.
LMC Begins Leasing at Luxury Property in Seattle
Phase one of Valdok offers 178 units and provides access to amenities including coworking spaces, a 24-hour fitness center and a pet park.