News
South Texas Asset Receives $40M Refi
Meridian Capital Group arranged the financing for Watermark Residential’s 324-unit property located in Corpus Christi. Israel Schubert, Peter Martz and Akiva Friend facilitated the deal.
Kidder Mathews Negotiates Sale of 24-Unit Community in San Diego
Located at 1770 Evergreen St., in the city’s Point Loma Heights neighborhood, the 1965-built property features a mix of one- and two-bedroom apartments.
Berkadia Brokers $42 Million AZ Sale
Senior Managing Director Art Wadlund and Director Clint Wadlund, both from the company’s Tucson office, represented Aerie Development in this disposition of a 183-unit asset.
RADCO Trades Atlanta Property for $24M
Strategic Holdings financed the acquisition of the 161-unit property with a $19.9 million Freddie Mac loan.
82-Unit Redevelopment Property Debuts in NJ
The Hampshire Cos., Claremont Cos., NAI James E. Hanson and Provident Bank began work on an 119,000-square-foot building in Hackensack. The asset is part of the city’s rehabilitation plan.
Kairoi Residential Buys Again in Texas
The company continues its lively acquisition pace with the purchase of a 308-unit community in Houston Heights.
Radnor, Harrison Street Pick Up Pittsburgh Student Housing
The partners acquired the 314-unit high-rise at Duquesne University for $23 million and will modernize the half-century-old community over the course of four summers.
Element Properties Opens Denver-Area Affordable Housing Community
SPARKwest is the first phase of SPARK development, an 11-acre mixed-use project within Boulder Junction. The climate-friendly community includes a mix of two- and three-bedroom units.
Middleburg Launches Lakeside Project in Savannah Suburb
Lake views, a resort-style saltwater pool and electric vehicle charging stations will mark Mosby Lakeside, a 316-unit community scheduled to start leasing in spring 2019.
Denver Luxury Condo Project Lands $83M
HFF arranged construction financing for Lakehouse on 17th, a waterfront high-rise, on behalf of NAVA Real Estate Development. This project marks the first in Colorado to pursue WELL Building Certification.