News
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.
Tampa Asset Trades Hands for $40M
Investors Management Group has acquired the 276-unit Pavillions at Ballast Point and plans on making significant renovations to the property.
HFF Arranges $70M Sale of MD Community
The company procured Bridge Investment Group as a buyer for Silver Spring-based Spring Parc, which includes 399 units.
Triplerr Introduces New App
The company’s new platform connects property seekers and agents, while also improving agent-response times through the help of alerts.
Luxury Rentals Take a Hit in Richmond
As the majority of new stock is upscale, the metro’s multifamily rent growth decelerated in the first few months of 2018, falling behind the national average.