News
Berkadia Secures Loan for $97M Florida Buy
Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.
Gaudenzia Completes Philly Affordable Housing Project
Designed by Cecil Baker + Partners for families battling addictions, the 24-unit community is now open for residents that are transitioning from treatment to independent living.
MN Community Lands $31M Refi
Dougherty Mortgage secured the Fannie Mae loan for Residences at 1700, a 115-unit property in Minnetonka.
KWK Architects on Student Housing Trends
Javier Esteban, principal at KWK, spoke with MHN about trends in the student housing market and the factors that influence the design of new developments in the sector.
Luxury Condos Open in DC
Elysium Logan is a 32-unit high-end condominium located in the Logan Circle neighborhood of Washington, D.C. More than 60 percent of apartments are already sold.
Luxury Condo Building Breaks Ground on Okaloosa Island
Crossgate Partners and Olson Land Partners have begun construction of Blu, a 47-unit community in northwestern Florida. ResortQuest Real Estate is leading the sales and marketing efforts for the development.
CAPREIT Assumes Management of Affordable Housing in Upstate NY
Rochester Highlands is a 504-unit affordable apartment community in Rochester, N.Y., across from the recently developed mixed-use property CityGate.
Tempe Community Trades for $7M
ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.
MG Properties Grabs $98M OR Apartments
The company acquired the 340-unit Thorncroft Farms Apartments in Hillsboro and plans to make upgrades to the property.
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.