News
CIM Group Trades 138-Unit Boulder Community
The Los Angeles-based company sold 9Seventy, a newly constructed project adjacent to the University of Colorado. At the time of the transaction, the property was fully leased.
Greystone Expands into Phoenix
The office will focus on Fannie Mae, Freddie Mac, FHA and CMBS finance, serving multifamily owners nationwide. Eric Jones will head up the location as its director.
Construction Underway on San Antonio Apartments
SC Bodner’s project will transform an obsolete site along San Antonio’s popular Riverwalk into an upscale rental property complete with 220 luxury apartments.
California MHC Lands $14M Refi Loan
The 10-year fixed-rate loan has 9.5 years of yield maintenance and one year of interest-only payments, followed by a 30-year amortization schedule.
Bay Area Affordable Veterans Housing Breaks Ground
Community Development Partners began construction on the $21 million project slated for completion by year-end. The innovative project’s structure will comprise modified steel shipping containers.
Work Begins on Daytona Beach Shores Condos
The community, developed by Jim Mack and Greenpointe Communities, will be the area’s first oceanfront condominium in more than a decade.
Marcus & Millichap Closes Sale of TX Assisted Living Community
The 87-unit, 95-bed assisted living and memory care community offers studio, one- and two-bedroom apartments ranging from 365 to 864 square feet.
PSRS Snags $80M Loan for CA Community
Pacific Southwest Realty Services arranged the mortgage for Hollister Village, a new luxury Class A residential development located on a13.7-acre site west of Santa Barbara.
BRT Nabs 3 St. Louis Luxury Communities
Through joint venture partnerships, the REIT purchased Vanguard Heights, The Tower at OPOP and The Lofts at OPOP for some $75 million. Meridian Capital Group arranged financing for all three acquisitions.
Hudson Cos. Picks Architect for Latest Brooklyn Development
CetraRuddy will design the 250-unit community located in Prospect Lefferts Gardens, which will also include 6,000 square feet of ground-floor retail space.