News
JV Acquires Land for Senior Housing Project in Raleigh
The fourth and final 8.5-acre parcel of the St. Albans at Midtown development has traded for $3.9 million. The new owners are planning to use the site for the construction of a 189-unit retirement community.
High Street, MetLife Break Ground in Phoenix
The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.
Dougherty Arranges Acquisition Loan for Dallas-Area Community
Dougherty Mortgage teamed up with Old Capital Lending to secure a 12-year term loan for the acquisition of Colonial Arms, a 123-unit community in Waco, Texas.
Phoenix Community Sells for $15M
Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
Retirees Set to Outnumber Children
According to the U.S. Census Bureau’s projection, the population will grow by an annual average of 2.3 million people until 2030, with Baby Boomers tilting the charts.
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.
IPA Completes Sale of FL Community
The community, located in St. Petersburg, changed hands for $37.5 million. The firm represented both parties in the transaction.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
RRA Sells 6 in Temple University Area
Temple University contributed to the area’s recent revitalization and proved to be a good driver for the surrounding real estate market.