Regions
Chicagoland, Boston Senior Living Communities to Break Ground
Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
HFF Lends a Hand in Denver Community Sale
The company marketed the sale of the 291-unit Greenwood Park located within Denver’s Tech Center. Holland Partner Group and Principal Real Estate Investors were the buyers.
NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
IPA Arranges $39M Refi for Playa Del Rey Apartments
The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.
Top 10 Phoenix Apartment Owners
The area’s population and employment growth have strengthened demand, while supply has maintained the apartment market at high occupancy levels. The market’s robust performance also spurred new waves of investment across the metro.
Peak Campus to Manage 504-Unit Student Housing Community
University Center Chicago was acquired by a joint venture between AXA Investment Managers – Real Assets and Blue Vista Capital Management back in July. The 18-story building is located in the heart of the city and will undergo an interior renovation.
Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood
Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city’s inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site’s future as a mixed-use global neighborhood.
BPDA Approves Two Residential Projects in Boston
The two developments will bring 101 residential units to Dorchester and South Boston, including 13 affordable units, as well as ground-floor retail.
Fairfield Residential Secures $51M for MD Apartments
The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.
KTGY-Designed Fremont Senior Community Breaks Ground
A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.