News
San Diego Mixed-Use Tower Tops Out
The Richman Group of California Development Co. and Level 10 Construction have topped out K1, which includes 220 units and 7,000 square feet of commercial space.
Baltimore-Area Community Changes Hands for $8M
Built in 1946, the 93-unit property includes 12 garages. The new owner plans to continue the interior renovation of the apartments and make improvements to the amenities.
Changing the Perception of Affordable Housing
Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood.
On the Market: 5 Interesting Listings for the Week of 6/11
This week’s listings include a rehabilitated historic asset in St. Louis and a newly constructed community in Las Vegas’ Spring Valley.
Orange County Community Sells for $28M
Marcus & Millichap has arranged the sale on behalf of Stellko Properties, a 1031 exchange buyer. The acquisition was financed with $14.7 million.
Brooklyn Luxury Community Receives $68M
Canadian Imperial Bank of Commerce originated the two-year loan for Trinity Place Holdings’ building, which features 105 units and 6,200 square feet of retail space.
Marcus & Millichap Arranges Chicago Community Sale
The new owners, a group of private investors based in California, are set to convert the property into rental apartments and improve the rooftop deck.
Supply vs. Demand: Multifamily’s Tug of War
At the National Apartment Association’s Apartmentalize conference in San Diego, experts shed light on generational changes, rent control and other crucial issues facing the industry.
Walker & Dunlop Arranges $40M for Hotel-to-Multifamily Makeover
The firm structured equity and debt financing for The Mark, a 227-unit community in Alexandria, Va. Northpoint Realty Partners and Persimmon Capital Partners are the project sponsors.