News

Honolulu Community Secures $105M in Refinancing

HFF secured the loan on behalf of developer Avalon Group for 7000 Hawaii Kai Drive, a 270-unit community that includes two 10-story buildings and 216 market-rate and 54 affordable units.

Finance & Investment

JV Lands $40M Twin Cities Affordable Community

Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

Affordable

Denver Workforce Housing Commands $53M

Oak Coast Properties acquired the majority interest in the 384-unit Villas on 76th, increasing its hold in the area to 3,000 units.

Finance & Investment

Regions

Change City

Walker & Dunlop Closes $1.9B Acquisition for Greystar

The company procured 36 Freddie Mac loans on properties throughout the U.S. to finance Greystar’s recently closed purchase of Monogram Residential Trust. This represents the largest financing in Walker & Dunlop history.
National 25 September 2017 15:58
Economy Watch: Texas LEEDs in Residential Projects

The Lone Star State has the most LEED-certified residential construction projects in the U.S., with more than half of them located in the Dallas-Fort Worth-Arlington metro area, according to a recent ABODO report analyzing USGBC data.
National 25 September 2017 14:47
Peak Campus Launches Theory Brand

The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.
New York 25 September 2017 14:42
Kushner Cos. Lands 1,032-Unit NJ Community

A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.
Philadelphia 25 September 2017 08:25
High Street, Olympus Take TX Luxury Community to Next Phase

The first units at Union at Carrollton Square Phase III are expected to be open for occupancy in late 2018. In addition to the 352 apartments, the developers are scheduled to deliver more than 4,000 square feet of retail space.
Dallas 22 September 2017 20:59
Avesta Communities Enters CO Market

The company plans to implement a renovation plan that includes improvements made to the common amenities and to the unit interiors.
Denver 22 September 2017 20:49
Economy Watch: How New Immigration Policies Would Impact CRE

Legislation revising the RAISE Act is set to significantly impact commercial real estate and corporate occupancy, both of which heavily rely on the changing dynamics of the labor market.
International 22 September 2017 16:20