News
Brooklyn Residential Tower Lands $218M Refi
Located in Brooklyn Cultural District Fort Greene, the Gotham Organization’s 586-unit Ashland offers residents a wide range of amenities, including a 17,000-square-foot Gotham Market.
JBG Lands $110M Refi for Iconic DC Asset
Atlantic Plumbing was erected in 2016 and designed by Morris Adjmi Architects. Aside from its 310 residential units, the building touts more than 19,000 square feet of ground-floor retail and restaurant space as well as a movie theater.
Lightstone Completes Long Island City Development
The 428-unit ARC features luxury amenities such as a salt-water pool, bocce courts and a greenhouse.
Lee & Associates Brokers $21M Phoenix Transaction
Biltmore Pointe Apartments includes 101 units and was built in two phases in 1959 and 1972. The new owner intends to add value to the investment through a substantial renovation.
CapitalSource Provides Construction Loan for CA Asset
The Nexus will offer 70 units and 238 beds, including a few affordable apartments. The community is in close proximity to University of California, Berkeley’s main campus.
Bike Infrastructure for Multifamily Communities
Velodome Shelters provides a variety of solutions for bike storage and protection, a growing problem as more residents choose cycling as a sustainable and healthy mode of transportation.
Fulton Hill Properties Breaks Ground on Richmond Project
Artisan Hill will be a 204-unit community adjoined by an artists’ gathering place. The development, located at 1000 Carlisle Ave., near several parks and trails, is slated for completion in 2019.
Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
Read the November Digital Issue of MHN
The November issue focuses on technology, including a look at residents’ newest demands and the tools that can help property managers better operate their properties. We also feature the platinum and gold winners of the 2017 Excellence Awards and our ranking of this year’s Top 50 Property Owners, plus the NMHC’s evaluation of five big trends in student housing.
S2 Capital Buys 2 Houston Communities
S2 Capital acquired Avalon at Royal Oaks and Village at Uvalde from One Real Estate Investment. The two properties, totaling 882 units, traded for more than $60 million.