News
Fort Lauderdale Asset Secures $85M
A joint venture obtained the construction loan for 4 West Las Olas, a planned 260-unit riverfront rental community in Florida.
JV Acquires $200M AZ Development
Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.
American Landmark Buys 586-Unit Atlanta Community
Berkadia arranged financing on behalf of the company for its acquisition of Madison at River Sound, located in the Lawrenceville submarket.
Campus First Grabs FL Student Community
The recently opened Class A property, located within one mile of University of Florida and numerous retail options, traded for $43.9 million.
Inland Buys Suburban Denver Apartments
Ashford East 88, a 322-unit property in Thornton, Colo., includes an indoor/outdoor swimming pool, a dog park and a playground.
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
Levin Johnston Brokers Sale of 2-Property Portfolio
Belview Heights and Casa Belview in Belmont, Calif., traded for approximately $27 million. The firm represented both parties in the transaction.
NorthMarq Capital Arranges $20M for St. Louis Community
Hibernia Apartments, a 100-unit property, includes a 16,000-square-foot ground-floor retail space that will be filled by a grocery store.
On the Market: 4 Interesting Listings for 2/12
This week’s listings include two renovated downtown Baltimore historic buildings and a downtown Portland property that has never been on the market since it was constructed in 1949.
Phoenix Realty Acquires $28M Tampa Asset
Tuscany Villas Apartments in Brandon, Fla., will be rebranded as Alvista Sterling Palms. The company has plans to make significant exterior and interior upgrades to the property.