News
HFF Arranges Recap of OR Community
HFF Senior Managing Director Ira Virden and Director Carrie Kahn were part of the investment advisory team overseeing the recapitalization of the 208,247 square feet property.
Greystone Sells Stake in FL Community
Alta, property’s co-developer, acquired the remaining residential stake in 2500 Biscayne Blvd. in Edgewater, which includes 156 units.
Prana Investments Buys 3 in LA for $18M
The portfolio acquisition is a value-add transaction, with the firm planning to invest in renovations at the communities.
Tampa Bay Development Receives $35M Loan
DevMar Development received the mortgage to construct The Vantage, a 211-unit property in the Edge district of St. Petersburg.
Perseus, Four Points Begin Construction on VA Mixed-Use
The vacant government office building at 200 Stovall St. in Alexandria will feature 520 apartments and 25,000 square feet of ground-level retail upon completion in 2019.
Greystar Ready to Launch Charleston Project
Courier Square’s housing component, marketed as The Guild, will encompass 226 apartments along with ground-floor retail and dining. The first residents are expected to move in this spring.
HighBridge to Develop 708-Bed Community Near UC Davis
The company obtained approval for the construction of Lincoln40, a 130-unit California community, slated for a 2020 completion.
Multifamily Strength, Affordability Issues to Persist in 2018: Freddie Mac
David Brickman, head of the GSE’s multifamily mortgage business, offered his 2018 industry outlook at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego.
Alpha Wave Investors Acquires Tucson Asset
Orange Tree Village, a 110-unit property in the Casas Adobes neighborhood, was acquired in an off-market transaction for $10.5 million.
AZ Asset Trades for $20M
Completed in 1990, the 312-unit Rio Santa Fe Apartments is the second-largest community in Yuma and is located within easy reach of several retail and dining options.