News
27-Story Atlanta Tower Tops Out
Gilbane Building Co. has reached the final phase of construction on 1000 Park Avenue, a 267-unit project. It is scheduled to open in May 2018.
MGPG Buys 456-Unit San Diego-Area Community
Waterleaf is a low-density garden-style property featuring one- and two-bedroom apartment units. CBRE secured a $76 million Fannie Mae acquisition loan.
Stamford Community Commands $67M
TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.
Meridian Sells 2 Brooklyn Apartment Buildings
The East Flatbush Portfolio, comprising two elevator buildings, has been sold for $26.5 million. The corner location and up-to-date condition of the properties require no additional maintenance.
Tower at One Greenway Changes Hands
Located in downtown Boston, the 217-unit residential community was acquired by PGIM Real Estate. Tower at One Greenway is LEED-certified, offering more than 3,000 square feet of ground-floor retail space.
Facebook Marketplace Gets Into Real Estate
Marketplace continues to be a big focus for Facebook, which intends on turning its social network into a portal for everything, from checking the weather and buying movie tickets to now listing your apartment or home.
Woodmont Breaks Ground on Luxury NJ Community
Woodmont Bay Club Bayonne will comprise 220 units spanning four acres. Construction is slated for completion in the spring of 2019.
Vitus Revamps Miami Affordable Housing
After purchasing Hadley Gardens earlier this year, Vitus recently completed the $5.4 million renovation of the five-story building.
Westmount Realty Capital Hooks Houston’s Copper Mill
Renovations are planned for the 34-year-old garden-style community, which is currently 98 percent occupied.
Orlando Asset Lands $54M Financing
CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for a 346-unit multifamily community in Windermere, Fla.