News
North Park Ventures Plans Chicago Conversion
Interra Realty brokered the $13.7 million sale of the mixed-use building located near Wrigley Field. All 30 condominiums will be converted into rental apartments.
Campus Advantage to Manage 2 CA Student Housing Properties
College Square has 240 units and is near University of California, Davis, and University Village has 100 units and serves students at California State University, Fullerton.
Manhattan’s First Purpose-Built Assisted Care Center Breaks Ground
The assisted living and memory care community will rise 16 stories in Midtown Manhattan, offering 151 units and ground-level retail.
JV Acquires New Fort Myers Property for $71M
Coastal Ridge Real Estate Partners and H. Katz Capital have secured Florida property Spectra, which includes 324 units.
Berkadia Arranges $74M for 2 FL Communities
The firm secured $34.5 million for The Queue Apartments in Fort Lauderdale and $39.5 million for Advenir at the Oaks in Ocoee.
Economists See Clouds in the Silver Lining
Although the immediate state of the economy is healthy, experts discussed tax reform’s potentially negative impact on housing and the U.S.’s overall fiscal future at the National Association of Business Economists (NABE) annual policy conference in Washington, D.C., last week.
Greystone Provides $17M Refi for Brooklyn Asset
The Fannie Mae loan will be used to pay off a $12 million construction loan on the newly built condominium property.
NHPF Lands $45M Affordable DC Asset
Woodmont Crossing Apartments marks the nonprofit’s fifth purchase under Washington, D.C.’s Tenant Opportunity to Purchase Act. The new owner plans a $7.4 million upgrade of the 176-unit community.
Olympus Property Buys SLC Community
Situated in one of Utah’s fastest-growing submarkets, Crossing at Daybreak features a mix one-, two-bedroom and three-bedroom units. The property will be rebranded.
Orlando Community Lands $40M Refi
Built in two phases from 1989 to 1991, Advenir at The Oaks features one-, two- and three-bedroom apartments and a total of 373,328 rentable square feet.