News
TODAY’S DEALS: KBS Legacy Partners Acquires 240-Unit Asset in North Carolina
KBS Legacy Partners completes a $28 million apartment acquisition; The RADCO Companies picks up a 297-unit multifamily property in Atlanta; and NorthMarq Capital finalizes the $10.2 million refinancing of a USC student housing portfolio.
Economy Watch: Home Starts Take a Dip in January
Housing starts drop 16 percent in January, and the Fed releases minutes hinting that tapering will continue at the slow pace previously seen.
CBRE Global Investors Buys 330-Unit Apartment Complex in Atlanta from Equity Residential
CBRE Global Investors has boosted its Atlanta multifamily portfolio with the purchase of Alexander on Ponce, a 330-unit apartment complex in the city’s Midtown submarket, from Equity Residential.
Pembrook Originates Acquisition, Renovation Financing for Denver-Area Apts.
Pembrook Capital Management originates an $18.6 million bridge loan to facilitate the sale of Mountain Vista, a 257-unit multifamily property located in the Denver suburb of Lakewood.
TODAY’S DEALS: Greystone Provides $38.8M for San Antonio Asset
Greystone refinances a 360-unit asset; Boston Capital provides financing for an Affirmed Housing project; and Capstone lands management contracts for seven properties in Greater Houston.
Pacific Urban Residential Acquires California’s Villas La Costa
Pacific Urban Residential has acquired the 24-unit Villas La Costa apartment community in Carlsbad, Calif., from San Diego-based Oram Properties.
Presidio Landmark Apartments Honored by National Trust
A 154-unit adaptive reuse project by Presidio Trust and Forest City has received The National Trust/Advisory Council on Historic Preservation’s Award for Federal Partnerships in Historic Preservation. The conversion was designed by Perkins+Will.
Embry Partners Approved for Mixed-Use Community in San Antonio
Embrey Partners has won a zoning approval change that will allow the company to convert land in north San Antonio’s Legacy Shopping Center into a mixed-use, urban-inspired community.
Isenberg Releases ‘Bathroom in a Box’ for Quick Builds and Rehabs
One of the easiest ways to add value to an older apartment community is by upgrading bathrooms. A new turn-key solution from Insenberg aims to make the process quicker and more affordable.
ETCO Homes Announces Grand Opening of Luxury, For-Sale Residences in Beverly Hills
The collection of 34 homes that make up 432 Oakhurst are designed in a warm, contemporary style featuring open floor plans that welcome high-style entertaining. The two-and three-bedroom homes offer rich finishes and designer-selected appointments.