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Orange County Apartments Land $56M Refi
Highland Pinetree Apartments in Fullerton, Calif., was the recipient of the financing secured by NorthMarq through Freddie Mac.
Jones Street Lands $31M for Massachusetts Development
Boston Realty Advisors secured the five-year loan from Cambridge Savings Bank for the construction of a mixed-use development in an Opportunity Zone in North Attleboro.
Castle Lanterra Expands Atlanta Portfolio
The acquisition of a 280-unit value-add community in Cobb County represents the New York-based company’s third foray in the local multifamily market.
The Praedium Group Buys 367-Unit AZ Community
The real estate investment firm acquired the newly built asset in Tempe from JLB Partners in a deal subject to a $57 million loan. More than half a million jobs are located within a 10-mile radius.
San Francisco Condo Project Lands $99M Loan
Stockbridge Capital Group and Wilson Meany will use the financing to develop the 262-unit Yerba Buena Island community within Treasure Island, a multi-billion neighborhood taking shape on a 393-acre manmade island.
29th Street Capital Expands Phoenix Footprint
The company purchased a 168-unit community in Avondale and plans to invest more than $2.1 million in capital improvements. Its local portfolio now totals more than 2,500 units.
What Attracts Investors to Phoenix
Tides Equities Co-Founder & Principal Sean Kia explains the role of affordability in making Phoenix an attractive market for investors and how the firm managed to streamline its redevelopment operations in a tight and challenging construction market.
Orange County Development Commands $101M
The Santa Ana community is a transit-oriented project about 9 miles from Disneyland that is still under construction by LaTerra Development.
JV Buys 624-Unit Asset in Missouri
The new owner intends to spend $13.8 million on renovating the 1997-built community in Kansas City. GoldOller Real Estate Investments sold the property after almost seven years of ownership.
Northeast Ohio Portfolio Scores $67M Refi
The 10-year Freddie Mac loan is retiring existing acquisition financing for the 1,137-unit Timber Top and the 114-unit Timberland Village, both located in Akron.