Market Rate
Long Beach High-Rise Completed by C.W. Driver
Designed to comply with LEED Silver certification requirements, the $70 million project brings market rate apartments in a high-end amenity environment.
Westlake Multifamily Asset Set for Overhaul Following Acquisition
Westlake is a traditionally lower-rated area of Central L.A. that new owner Massie Capital hopes will catch up in terms of rent rates.
On the Market: 5 Interesting CRE Listings for the Week of 6/20
This week’s most interesting CRE listings feature a property with ocean views in Pacific Palisades, Calif., and a North Las Vegas community that’s seeing double with two pools and two spas.
Gelt Gets Busy in LA County
The firm recently acquired a 2.4-acre site to develop a new community and an existing property that it plans to give a major renovation.
464-Unit Atlanta Community Trades for $69M
Toronto-headquartered Sutter Hill acquired the 38-acre District at Vinings with plans for as much as $7 million in renovations.
RADCO Picks Up Atlanta Metro Community for $32M
The developer plans to spend about $4 million on capital improvements to the 324-unit community.
Hunt Mortgage Group Closes $13M Acquisition Loan for 204-Unit Community
The Miami office of Hunt Mortgage Group recently closed a $13 million Fannie Mae loan to finance the acquisition of Waters Edge at Harbison.
M West Holdings Snaps Up Asset in Old Bank District
Kennedy Wilson arranged the $37 million deal, with financing provided by Mesa West Capital.
Admiral Capital, Wood Partners JV Sells ATL Community
Over the last few years, 3833 Peachtree has been upgraded to complete the “live, work, play” environment tenants were seeking.