News
Fountain Residential Partners Breaks Ground on 1,100-bed Student Community
Fountain Residential Partners and Specialized Real Estate Group are ready to break ground on the first phase of a 1,100-bed student housing neighborhood serving the University of Arkansas.
Behringer Harvard Begins Luxury Apartments in Atlanta’s Buckhead
Behringer Harvard and Atlantic Realty Partners begin Cyan, a 23-story apartment tower in Atlanta’s Buckhead submarket.
CRE Execs Mostly Optimistic About MF
Multifamily has had a good run in recent years, and according to the results of the Akerman 2014 Industry Outlook, the sector is expected to keep running a while longer. The report was released this week at the law firm’s fifth annual U.S. real estate summit in Miami.
ROEM Corp., Eden Housing Begin Eco-Friendly Workforce Housing in Mountain View
ROEM Corp. and Eden Housing have broken ground on an eco-friendly, mixed-use workforce housing community in Mountain View, Calif.
TODAY’S DEALS: Raleigh Apartment Community Trades for $12M
MHA brokers a 200-unit sale in Raleigh, N.C.; Berkadia arranges $50 million for a retirement community in Portland, Ore.; and Franklin Street brokers the $2 million sale of a Georgia apartment property.
Preleasing Begins on Chattanooga Luxury Development
Housing Trust Group has begun preleasing at a new luxury community in Chattanooga, Tenn. Rents range between $850 and $999 per month.
Two Birmingham Apartments Change Hands
A private investor acquires two adjacent Birmingham apartments with plans to combine the assets. Beech Street arranged financing, while Multi Housing Advisors brokered the sale.
Modern Spaces Achieving Success in Lease-Up of Woodside, N.Y. Building
The Icon52, a Tsilo Group development in the Queens neighborhood of Woodside, has already leased more than half of its 66 units in little more than three weeks.
TODAY’S DEALS: NorthMarq Secures $12M Refinance for Oregon Multifamily Asset
NorthMarq arranges a $12 million refinance for a 207-unit asset; Hamilton Zanze buys a Las Vegas apartment community; and Hybrid Capital arranges $8.5 million in financing for 80 units in Brooklyn, N.Y.
Sherwood Equities Debuts First-Ever Manhattan Ground-Up Sales Gallery
Sherwood Equities has boldly gone where no other Manhattan developer has ventured before, unveiling the first-ever, ground-up-construction, free-standing, Manhattan sales gallery.