News
SoCal Apartments Trade for Nearly $50M
The seller, StarPoint Properties, acquired the 232-unit Class B community in the Inland Empire for approximately $15 million in late 2001.
Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
Metro Loft Develops Luxury Manhattan Adaptive Reuse
Twenty Broad Street, built as an extension of the New York Stock Exchange, now includes 533 units, as well as valet service, an outdoor movie theater and a private yoga studio.
TruAmerica, ASB Real Estate Investments Acquire $86M CA Community
The companies purchased Corte Bella Apartments in Fountain Valley from Shea Apartments. The property includes 251 units and is currently 97 percent leased.
ARA Newmark Arranges Sale of Tampa Community
Vice Chairman Patrick Dufour and Director Ryan Crowley represented seller Pollack Shores and equity partner HQ Capital Real Estate in the transaction. NKF Capital Markets arranged the acquisition financing through Natixis.
Equity Residential Buys Uptown Denver Asset for $135M
HFF worked on behalf of the company to arrange financing and also represented Trammell Crow Residential, the seller of the 372-unit luxury community formerly known as Alexan Uptown.
How Urban Growth Alters Multifamily Development
A recent Urban Land Institute and RCLCO report elaborates on how the migration from the suburbs to central areas is reflected in residential development trends.
Raleigh Community Trades for $24M
Hawthorne Residential Partners sold the 184-unit asset two years after it acquired it for $15.5 million from Heritage Capital Group.
Student Housing Meets Mixed-Use
Developers eye projects that accommodate college-age residents and capitalize on the presence of complementary asset categories.
IPA to Market $21M CA Community
The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.