Luxury
Suburban Chicago Community Receives $33M Refi
The loan will help stabilize Apex 41, a luxury community in Lombard, Ill. GlenStar Properties completed the 181-unit asset two years ago.
Leasing in a Saturated Market
At the National Apartment Association’s Apartmentalize conference in Denver, industry expert Lisa Trosien explored the best differentiators in a highly competitive rental market.
Washington, DC-Area Opportunity Zone Project Gets $65M Loan
HFF arranged the financing for The Stella, a 282-unit transit-oriented community, part of Urban Atlantic’s 34-acre master plan in New Carrollton, Md.
Luxury MD Senior Housing Welcomes Residents
Capitol Seniors Housing opened the 84-unit assisted living and memory care community in the heart of Anne Arundel County. The Arbor Co. will operate the 72,140-square-foot facility.
Toll Brothers Tops Out Prefab Atlanta Tower
General contractor Balfour Beatty is building the 319-unit property, Osprey, in partnership with modular construction firm Prescient. Completion is slated for the first quarter of next year.
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
Mexican Developer Secures $313M for Investment Vehicle
Gran Ciudad Group will expand its multifamily rental portfolio with equity commitments from Canadian investor Ivanhoé Cambridge and pension fund manager Citibanamex Afore.
Top 5 Multifamily Developments in Kansas City
Following a sizeable number of completions in the past year, developers are moving forward with a number of projects targeting the metro’s high-growth submarkets.
Philly’s Tallest Residential Tower Lands $295M Loan
Southern Land Co. is building the 48-story project, which will offer a combination of luxury rental units and condominiums, along Rittenhouse Square.
California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.