Regions
Developer Secures $234M for LA Portfolio
G.H. Palmer has obtained cash-out refinancing for Medici and Orsini I, both luxury assets located downtown.
Boise Mid-Rise Community Opens
The Fowler multifamily development broke ground in early 2016 and features 159 apartments over two street-level retail spaces.
JV Buys 198-Unit MD Asset
Spirit Investment Partners and The Bascom Group acquired Tribeca at Camp Spring, located in the Washington, D.C., metro area.
Rental Housing Sector Worth $8T: Berkshire Group
According to the company’s newest report, the sector is larger than office, industrial and retail combined, with multifamily accounting for $2 trillion of that total.
Bell Partners Snaps Up SoCal TOD for $123M
Avaire South Bay, a 264-unit community that has been renamed Bell South Bay, includes a yoga studio, cyber cafe, game lounge and bike room.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
Boston Conversion Project Lands $160M in Financing
The Archer Residences at Beacon Hill is a redevelopment project of the former Suffolk University Law School buildings, set to bring 70 luxury condominiums to the Beacon Hill neighborhood.
San Diego Senior Housing Lands $82M Refi
Fannie Mae has provided its first Green Rewards loan for Paradise Village, a 394-unit Class A community in National City, Calif.
MIG Real Estate Buys Phoenix Community for $22M
Western Wealth Capital’s investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company’s 11th successful divestment to date.
Sales Brisk at Manhattan Development
Since the topping out of the first of three towers at the Waterline Square residential project in October, GID Development Group reports that the community represent the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017.