News
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Greystone Provides $36M Loan for TX Community
Built in 2016, Parkside Place last traded in November, when Oden Hughes sold it for $48.5 million. The community was 96.1 percent occupied as of October.
Capital Square 1031 Acquires GA Asset
High Ridge Apartments, a 160-unit community in Athens, includes 11 two- and three-story residential buildings. The property was acquired using a 10-year term Fannie Mae loan.
Campus Advantage Appoints New CLO
In his new role, Dan Oltersdorf will oversee curriculum developments, while also establishing and implementing a variety of training approaches. The company also established a new Learning and Development department.
Economy Watch: Renter Household Growth Likely to Slow
Following an unprecedented run-up in demand over the last decade, rental household growth is expected to decelerate in the coming years, according to a recent Harvard Joint Center for Housing Studies report.
KeyBank Secures $73M Loan for KY Community
The Freddie Mac first mortgage loan features an adjustable rate and a four-year interest-only term. It was used to cover part of the community’s acquisition cost.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
KWA Completes Dallas Smart Community
Digit 1919, a four-story community, features high-tech amenities such as app-controlled thermostats and live-feed wireless security cameras.