News
FirstService Residential Strengthens Leadership Team
The property management company selected John Brea, a former Walmart executive, to oversee the firm’s fast-growing footprint in the U.S. and Canada.
Grandbridge Closes Indianapolis Community Refi
The 493-unit community is situated on the campus of Indiana University–Purdue University Indianapolis. Grandbridge placed the refinancing with Ladder Capital Finance.
Coldwell Banker Expands CA Portfolio
Welcoming 18 sales professionals formerly affiliated with Jelly Properties, Coldwell Banker Residential Brokerage purchased its third office in Del Mar. Joe Jelley will join the brokerage company in a sales capacity.
Greystar Nabs NJ Community for $70M
Cushman & Wakefield represented the seller, Invesco Real Estate, in the disposition of the amenity-filled, 115-unit property located in Hoboken, N.J.
Security Properties Expands Its WA Portfolio
The 178-unit community offers convenient access to major employers such as Intel, JBLM, State Farm Insurance and Amazon. Garco Construction sold the asset for $32.3 million.
Greysteel Closes Fully Affordable Baltimore Sale
The 150-unit Portside Apartments is located within a 20-minute drive of downtown and is subject to Section 42 provisions. The property last changed hands in 2005.
White Point Breaks Ground on SC Community
Huger Street will be a 190-unit complex located in downtown Charleston, S.C. The property is slated for completion in 2019, but pre-leasing will start next year.
Inland Closes 141-Unit CO Community Sale
An Inland affiliate acquired the suburban property situated roughly one hour north of Denver. The community was 97.2 percent occupied as of September.
Westdale, StreetLights Launch 1st Atlanta Development
Aria Village will include a five-story residential community called The Alastair, along with 30,000 square feet of retail and restaurants.
CBRE Arranges Refi for SC Community
Monica Newman of CBRE’s Denver team originated the $9.7 million loan through the company’s FHA lending platform on behalf of the borrower, Greenville Park West LP. Stonemark Management currently manages The Summits Apartments in Graniteville.