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On the Market: 5 Interesting Listings for the Week of 5/7
Among this week’s listings are a century-old Manhattan property, a brand-new community near Philadelphia’s Center City, and more.
LMC Breaks Ground on 339-Unit Seattle-Area Community
The Bower is an upcoming 339-unit property in the northern part of Kirkland, Wash., situated adjacent to Interstate 405. A direct-access freeway bus stop will be available for resident use.
Central GA Community Lands $20M Refi
NorthMarq Capital originated the 10-year Freddie Mac loan, which retires two previous mortgages totaling $18.9 million which were set to mature this year.
CT Community Lands $53M Refi
The 468-unit Broadmoor Apartments in Hamden received a 10-year refinancing loan, arranged by Meridian Capital Group.
View From the Southeast: Key Multifamily Issues
Jay Jacobson, president & CEO of EDEN Multifamily, discusses the most in-demand amenities as well as the importance of flexibility during development.
Fort Myers Community Lands $41M Loan
Located at 4930 US Highway 41, in the Cleveland Avenue Redevelopment Area, Grand Central Apartments will comprise a total of 280 one- and two-bedroom units.
Twin Creeks at Alamo Ranch Changes Ownership
Will Balthrope and Jordan Featherston of Institutional Property Advisors brokered the sale of the property, which was acquired by an out-of-state investor.
RBJ Center in Texas Begins Renovation, Redevelopment
The existing 16-story tower will be revamped and a new five-story building will be added. Upon completion, the property will have more than 500 apartments for seniors.
NJ Asset Lands $31M Loan
Capodagli Property Co. will use the construction mortgage from Sterling National Bank to build 172 units in the first phase of Meridia Brownstones in Rahway.
Garden-Style Community Changes Hands in CT
HFF brokered the sale of Gull Harbor, an 80-unit community in New London that is part of a fractured condo property.