News
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
Avison Young Facilitates Sale of 171-Unit NC Asset
Signature Place Apartments in Greenville changed hands for $14.8 million. Vice President Craig Cadwallader and Senior Vice President Gary Lyons worked on behalf of the buyer in the transaction.
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city’s busiest areas.
Cushman & Wakefield Arranges $60M Miami Sale
Advenir acquired the value-add Vista Verde at Westchester, which includes 302 units. The community is located near Florida International University.
North FL Development Lands $31M Financing
The Highline, a 171-unit project in Melbourne, kicked off construction in June and is slated for completion in early 2020.
Origin Investments, SEEC Enterprises Plan Denver Development
The $35 million Brick Stone Apartments will include 150 units. Phase one is expected to be completed in the second quarter of 2019.
Bolour Breaks Ground on $24M Luxury LA Community
The Riverside development in Silver Lake will comprise 65 units and offer access to a swimming pool, a gym and a club room.
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
South FL Asset Lands Freddie Mac Refi
HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.