Regions
Ground Lease for LA-Area Property Changes Hands
A private investment group purchased the ground lease on a 138-unit multifamily community in Whittier, Calif. The Mogharebi Group represented both parties in the deal.
Tampa-Area Community Secures $12M Refi
Berkadia has arranged the refinancing of a 148-unit property located in Lakeland, Fla., on behalf of the borrower, Capital Pensam. The loan was secured through Freddie Mac.
Another Condo Deconversion in Chicago
CBRE’s Sam Haddadin and Dan Cohen represented the condo association in the $27.2 million transaction in Edgewater Beach. The price-per-unit surpassed market value.
CA Ventures Launches New Entity, Promotes Key Executive
The company’s property management services is now a new company, CA Management Services, under the leadership of Beth Pinder, who was promoted to COO.
HFF Provides $28M in Financing for Chicago-Area Asset
Completed in 1985, Valley Lo Tower II represents a unique opportunity to reposition a marquee asset in one of the city’s desirable suburbs.
Lee & Associates Brokers LA Community
The firm arranged the sale of a 33-unit property located in the Palms neighborhood of Los Angeles, approximately 10 miles from the city’s downtown.
Employment Regains Momentum in Albuquerque
As job creation continues at an above-trend rate, the metro’s relative affordability could prompt migration into the state, bolstering multifamily demand.
CBRE Arranges Sale of 413-Unit MN Community
The company’s Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman facilitated the sale on behalf of the seller.
NAI Capital Completes OC Ground Lease
The 99-year ground lease valued at $287 million includes three parcels located in Santa Ana, Calif. The tenants plan to develop more than 500 affordable housing units.
CBRE Team to Represent Seller in 2 CO Transactions
Creekside at Palmer Park and Woodland Hills are both located in Colorado Springs. Griffis/Blessing received $99.5 million for the two assets totaling 488 units.