News
CA Quartet Scores $146M Financing
Watermarke Properties’ communities, totaling 930 units, are located in Orange County, Corona and Fair Oaks. HFF secured four separate 10-year, fixed-rate securitized loans with Freddie Mac’s CME Program.
CGI Strategies Acquires FL Asset
The company snagged the property, located in Kissimmee, for $25.8 million. Cane Island, which includes 166 units, was 98 percent leased at the time of the sale.
$125M Luxury Tower Coming to Ft. Lauderdale
Developed by a partnership between Silverback Development and Bizzi & Partners, New River Central will feature 401 apartments. The joint venture expects to break ground in late 2018.
AMAC Lands Manhattan Property for $59M
The company plans to make upgrades to the mixed-use community, which includes 83 units and seven retail spaces.
2018’s Best Smart Home Devices
User-friendly, easy to set up and compatible with various hardware: These are some of the qualities to expect from the year’s top offerings.
Related Debuts, Breaks Ground on Luxury FL Communities
Expanding its Icon brand in Central Florida, the company unveiled Icon Harbour Island in Tampa and started construction on Icon Central in St. Petersburg.
IEC Buys CA Workforce Housing for $134M
Surf at 39, a 400-unit property in Huntington Beach, was built in 1972 and includes two swimming pools with spas, a business center and a dog park.
CBRE Secures $321M Portfolio Sale
The nine-property portfolio includes communities located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati, totaling 1,803 units. Milhaus developed, constructed and managed the majority of the portfolio.
CBRE Indianapolis Names New EVP
Starting his career at CBRE in 1994, Steve LaMotte led the Central Midwest Multifamily and has been involved in the sale of more than $3 billion of apartment product.
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.