News
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.
Dougherty Closes $34M Loan for Affordable MN Development
Named 1500 Nicollet, the planned 183-unit community in Minneapolis will include 5,500 square feet of retail space.
Greystone Refinances Philly Property for $20M
West Village in West Philadelphia received three Freddie Mac small-balance loans. The 86-unit community features townhome-style duplexes.
The Warner Center Brings 2 Luxury Projects to LA
The buildings, dubbed Q East and Q West, will each have a rooftop deck, fitness center and yoga studio, indoor/outdoor poolside club/lounge, gourmet teaching kitchen and outdoor lounge with TV screens and fireplace.
TGM Expands Chicago-Area Holdings
Built in 1991, Crossings at Danada, in Wheaton, Ill., is a 600-unit garden-style community that spans 27 buildings.
Lee & Associates Closes $7M Sale in Phoenix
Two apartment communities located in northern Phoenix traded among private investors. The properties comprise 44 units.
Mixed-Income Community Breaks Ground in MA
A joint venture is developing Mass+Main, a $190 million project that will feature 248 market-rate and 60 affordable units. The property is slated for a mid-2020 completion.
Luxury Tampa Heights Community Begins Leasing
SoHo Capital has developed the 314-unit property adjacent to The Heights public market. The community will be ready for move-ins by January 2018.
The Financial Crisis Anniversary: How Miami’s Condo Market Survived
SPACiO Design Build Founder & President Alexander Wertheim revealed how he set up and grew his general contracting business in the middle of the recession. He bet on condos and won.
Affirmed Housing Opens Affordable San Diego-Area Community
Eastgate serves low-income families and veterans. Built by Wermers Construction, the property includes 42 units and is located in San Marcos, Calif.