News
Hamilton Zanze Expands San Antonio Portfolio
The company acquired Quarry Townhomes, located in the Alamo Heights submarket. The 150-unit community was purchased from Ares Management with a $19.7 million loan held by Freddie Mac.
Capital One Closes $44M Loan for SoCal Refi
Amberway Apartments in Anaheim, Calif., is a 34-year-old garden-style community with 272 units and luxury amenities.
$54M Hollywood Development Breaks Ground
Essex Property Trust, together with McCormick Construction, broke ground on the Sunset Boulevard mixed-use development. The project includes 200 residential units and 4,678 square feet of retail space.
WinnCompanies Completes MA Adaptive Reuse
Residences at Mill 10 includes 75 units of mixed-income housing in a 110-year-old former mill building in the western Massachusetts community of Ludlow.
Sacramento Market Maintains Robust Rent Growth
While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.
Harland Recruits San Diego Manager
A 20-year industry veteran, Al Pesiri will focus on property management for the company’s San Diego rental housing market.
Tampa Luxury Condo Tower Breaks Ground
The 24-story Virage is slated for completion by 2019 and prices range between $1 million and $5 million. The sales team has already signed more than $75 million worth of contracts.
M&C Snaps Up $56M Orlando Luxury Community
Completed in 2017 by Wood Partners, the 312-unit Alta at Eastmar Commons encompasses 14 three-story apartment buildings, as well as a two-story clubhouse.
HFF Arranges Class A Community Sale in Houston
GPI Real Estate Management Corp. bought this one- and two-bedroom apartment community located in the heart of Houston’s Energy Corridor. HFF arranged the transaction.
PA Community Lands $32M Refi
Managed by Paradigm Properties Group, Deerfield Commons is located in Central Pennsylvania. The loan includes two years of interest-only payments followed by a 30-year amortization schedule.