News
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.
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week’s listings are a century-old Manhattan property, a brand-new community near Philadelphia’s Center City, and more.
Dougherty Lines Up HUD Financing for Minneapolis Community
Working on behalf of Albright LP, the company has arranged an $8.5 million loan for the rehabilitation of Albright Townhomes, an 89-unit affordable housing property.