News

IPA Brokers Sale of Rio Grande Valley Asset

Executive Director Will Balthrope, Senior Director Drew Kile and Associates Jordan Featherston and Joey Tumminello represented the seller and procured the buyer, Presidium. American Agape Foundation is the former owner of the 288-unit property in Harlingen, Texas.

Market Rate

Berkadia Secures $47M Refi for DC Property

The amount was used to refinance existing debt and to pay off an eight percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.

Market Rate

Denver Luxury Apartment Trades for $122M

HFF marketed the 465-unit property on behalf of the seller, Lennar Multifamily Communities and procured the buyer, Starlight Investments.

Luxury

Regions

Change City

Aston Martin Residences Breaks Ground in Miami

Aston Martin and G&G Business Developments' community, the first condominium to begin construction in downtown Miami this year, includes 391 units.
Miami 23 October 2017 17:09
IL Mixed-Use Development Opens

LMC and Clark Street Real Estate are opening The Emerson, located in Oak Park, Ill., a suburb of Chicago. The community includes 270 units and a retail component.
Midwest 23 October 2017 16:47
Gorman Lands $22M Refi for CO Asset

Walker & Dunlop arranged the atypical eight-year, fixed-rate term loan to refinance Lion's Ridge Apartment Homes, a 114-unit workforce housing community at the foot of Vail Ski Resort.
Denver 23 October 2017 16:28
Boutique Palm Beach Condos Ready for Move-In

Designed by Miami-based architect Rene Gonzalez, the luxury property offers a wide range of amenities, including a rooftop garden with infinity-edge pool deck and an outdoor yoga studio.
Miami 23 October 2017 14:46
High-Paying Jobs Add to Upscale Demand in Richmond

After fears of overbuilding began to subside in 2017’s first half, the Richmond-Tidewater multifamily market rebounded, boosted by consistent, substantial job gains in the professional and business services sector.
Richmond 23 October 2017 13:45
Job Growth Firm, Rent Growth Totters in Portland

The metro’s strong employment growth is pushing up multifamily demand, especially for market-rate apartments. Nearly 8,400 units were underway as of August, of which some 3,200 units are slated to come online by December.
Portland 23 October 2017 08:13
RADCO Secures $32M for FL Community

Reflections Apartments in Casselberry, Fla., includes 336 units. The company plans to invest $5 million in capital improvements.
National 20 October 2017 16:08