News

CBRE Closes Inland Empire Sale

Evart Street Apartments in Montclair, Calif., changed hands for $8.9 million, one of the highest per-square-foot prices for a multifamily property in the area, according to the brokers.

Market Rate

Lena New Boston Breaks Ground on 41 Mixed-Income Units

The $200 million redevelopment of the former Boston State Hospital site entered a new phase, which will include 22 affordable units. The project is part of Olmsted Green, a 42-acre development in the heart of the city.

Market Rate

Phillips Realty Arranges $31M Financing for PA Development

The company worked on behalf of Woodfield Investments, the developer of the 320-unit Woodfield at Valley Forge in suburban Philadelphia. Adam Bieber, managing director at Phillips Realty Capital, structured the loan.

Luxury

Regions

Change City

Walker & Dunlop Arranges $86M for Portfolio Upgrade

The financing will support the renovation of 1,208 units in Florida and Texas, as well as enable the borrowers to recapitalize the assets and handle deferred maintenance.
South 17 August 2017 18:58
CBRE Secures $35M Financing for Tampa Student Housing

Horizon Realty Advisors purchased a 206-unit student housing property for $46.6 million. Benjamin Roelke of CBRE secured the long-term financing for the acquisition of Venue at North Campus.
Tampa 17 August 2017 16:36
LA Senior Communities Receive $19M Mortgage Financing

The funding, obtained through the company's bond purchase program, will be used for the acquisition, rehabilitation and permanent financing of three affordable developments.
Los Angeles 17 August 2017 16:24
Economy Watch: Multifamily Starts Dip in July

New projects got underway at an annualized rate of 287,000 units, only the second time in the past 12 months that the pace has fallen below 300,000 units.
National 17 August 2017 16:15
RADCO Picks Up 7th SC Asset for $23M

RADCO plans to invest $3 million to renovate Radius at West Ashley, a 198-unit Charleston asset previously owned by Raia Properties.
South 17 August 2017 15:52
Leasing Starts at Murray Hill Marquis Luxury Apartments

The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.
New York 17 August 2017 15:27
Balfour Beatty to Develop Student Housing Project in Texas

Texas Woman’s University’s project will house up to 875 students and will feature approximately 30,000 square feet of dining space, beside classrooms, fitness center, exploratory learning and recreation space.
Dallas 17 August 2017 15:22