News
RedHill Realty Acquires Phoenix Asset for $25M
The company plans to continue the renovation process initiated by the previous owner, Stratford Partners, which was represented in the transaction by Institutional Property Advisors.
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.
Greystar Project Blooms on Texas Lakefront
Designed by Meeks + Partners, Elan Flower Mound will comprise 420 rental units, 40 townhomes and 15,000 square feet of retail north of Dallas.
$9M Affordable Conversion Breaks Ground in FL
The $8.8 million renovation of the Wayne Densch Center located in Orlando will transform 64 units of transitional housing to 77 high-quality apartments.
HFF Brokers AZ Senior Community Sale
The Heritage Tradition is a 330-unit senior housing community, located 24 miles northwest of downtown Phoenix, in Sun City West, Ariz.
CA Luxury Asset Lands $32M
HFF arranged the 10-year, floating-rate Freddie Mac loan for Chelsea Santa Monica on behalf of Kort & Scott Financial Group.
KWK Architects, alm2s Design 700-Bed CO Community
Slated for completion in 2019, the $96.7 million residence hall will house more than 3,500 students at the University of Colorado Boulder.
NYC-Area Development Receives $59M Financing
Cole Schotz P.C. arranged the construction loan on behalf of a joint venture, for the $95 million development of a 249-unit, mixed-use project in Mt. Vernon, N.Y.
Greysteel Markets CA Affordable Community
The company will market a 60-unit community in Mendota, Calif. The property has 100 percent of the units covered by a Section 8 Housing Assistance Payment contract that expires in 2025.
Two Roads Breaks Ground on Miami Luxury Condos
Scheduled for completion in 2019, the 57-story Elysee Miami will offer 100 units, and amenities on the seventh and 30th floors.