Market Rate
$23M Mixed-Use Community Coming to Greater Tampa
Jacksonville, Fla.—LandSouth Construction, a general contractor specializing in multifamily, senior housing and mixed-use development, has broken ground on a mixed-use apartment community in Lakeland, Fla. The $23 million development, to be called Village on the Avenue, is being developed by Davenport, Fla.-based Village Partners and designed by Pennsylvania-based James S. Carr AIA & Associates LLC. The 12-acre community will be located at 6720 South Florida Ave., and is scheduled for completion in May 2017. Polks County Planning Commission approved plans for the development in April 2015. For Village on the Avenue’s construction, LandSouth will use its unique integrated construction approach, in which…
Mich. Apartments First in the US to Use PACE Financing with USDA Approval
Groundbreaking Michigan project aims at boosting energy efficiency in rental properties.
Downtown Baltimore Property Sold through Greysteel
The 11-unit building nested in the heart of historic Mount Vernon was built in the 1900s and recently changed hands for $1 million.
$170M Financing Secured for FiDi’s 20 Broad Street
JLL secured $170 million in financing for the conversion of 20 Broad Street, a 29-story office building that FiDi veteran Nathan Berman will transform into a residential and retail asset.
Songy Highroads Arrives in the Multifamily Market
Songy Highroads has made its first multifamily purchase with the acquisition of Jefferson Place’s 136 rental units in Baton Rouge.
Colliers Lines Up Financing for Multifamily Conversion in Philadelphia
Colliers International secured a $24 million loan for Heights Advisors’ first adaptive reuse project in Philadelphia.
MHA Arranges Sale of 392-Unit Community for Bell Partners
Graycliff Capital Partners acquired a 392-unit apartment community from Bell Partners, in a deal arranged by Multi Housing Advisors.
ARA Newmark Completes Sale of 334-Unit Suburban Dallas Community
The recently sold community Gateway Cedars is part of a 2,000-acre master-planned project in Forney, a Dallas suburb.
Trion Properties Acquires Two East Bay Communities
The new owner has already lined up capital improvement programs for the two apartment communities.
Capstone Capital Lands $10M Loan For Greenville Apartments
The private equity firm completed a $10.1 million cash-out refinancing for Phase II of The Heritage at Arlington Apartments, a 96-unit Class A apartment community.