News
ARA Newmark Closes $53M NC Deal
Vice Chairman Dean Smith and Executive Managing Director Sean Wood brokered the sale of 292-unit Cary Greens at Preston to Rivendell Global Real Estate. The Connor Group sold the 18-building asset.
Dallas: Corporate Juggernaut
The DFW metro continues to achieve some of the fastest job and household growth rates in the U.S. The area’s economy is among the most diverse in the country and added 145,000 residents in 2016 alone.
Asset Campus Readies FL Project for Fall Debut
The 434-bed Domain sits adjacent to FSU Tallahassee and allows residents walking access to campus providing access to campus through a tunnel that runs under Tennessee Street.
Peak Campus Expands Management Portfolio in TX and S.C.
GrandMarc Austin and GrandMarc Clemson are two student housing communities with 238 and 524 beds respectively, serving the students of University of Texas at Austin and Clemson University.
JV to Develop Environmentally Conscious Berkeley Apartments
The sole multifamily property near the UC campus to feature rooftop solar panels, the 84-unit community will also feature 67 parking spaces for bikes and 68 spaces for cars.
CLP Makes First Foray into Southern FL
For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.
Luxury Condos Break Ground in Boston Area
A joint venture of Callahan Construction Managers, A.W. Perry and Boston Andes Capital will build Brio, a 77-unit waterfront property in Hingham, Mass.
Greystone Secures Largest HUD Loan for Nursing Facility
The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.
Strong Development Softens Demand in Portland
Anchored by a diversifying economy and fueled by an expanding population, the city’s multifamily market remains strong despite its recent slowing rent growth.
Dougherty Secures $7M Acquisition Loan
On behalf of a private investor, Dougherty arranged the financing for the purchase of a Garland, Texas, market-rate community. The 12-year term, three-year interest-only Fannie Mae loan has a 30-year amortization schedule.