News
PA Senior Living Community Expands
Windy Hill Village, a Presbyterian Senior Living community in Philipsburg, broke ground on a 48-unit rental apartment building. R.S. Mowery & Sons is the project’s contractor.
Carrier Johnson + CULTURE LA Project Begins Construction
The 161-unit apartment community will replace an empty 81-year-old two-story building with a modern design that utilizes metal panels and ceramic tile.
Beachwold Secures $54M for 2 Tampa Bay Properties
The communities, located in Bradenton and St. Petersburg in Florida, received two separate 10-year, fixed-rate loans with Goldman Sachs.
The Inland Empire Expands
Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion.
Economy Watch: Chicago Fed National Activity Index Points to Economic Growth
U.S. manufacturing and other production-related indicators contributed to the CFNAI increase in April, according to the Chicago Fed, indicating that the economy is still in growth mode.
ARA Newmark Arranges Sale of San Antonio’s Agave
The newly-built luxury mid-rise was acquired by Castle Lanterra Properties, marking the investor’s entrance in the San Antonio market.
HFF Tapped to Market Pennsylvania Residential Asset
The company is representing the seller, a joint venture between CenterSquare Investment Management and Korman Residential, which acquired the asset back in 2007 for $30 million.
Houston Portfolio Lands $130M in Financing
Berkadia arranged the financing for H7, a community that encompasses more than 2,000 units and was 93 percent occupied at the time of the transaction.
JV Develops New Apartments in Charleston
Spandrel Development Partners, Aspen Heights Partners and Northwestern Mutual’s 511 Meeting St. will offer 221 apartments, two levels of structured parking and retail at its base.
Franklin Street Closes Sale of 111-Unit Florida Asset
Cornerstone Pointe Apartments traded for $10.6 million. Milbrook Properties Ltd. purchased the community from Everett Realty Services. The community last traded in 2010 for $3.6 million.