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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.
Baron Properties, Buchanan Street Sell $44M Phoenix Community
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
DIJ Properties Enters Arizona Market
The company plans to implement a large renovation program for the 1987-built community to unlock value for investors and improve the residents’ living conditions.