Regions
Opus Breaks Ground in Downtown Minneapolis
The six-story building is the company’s third residential development in downtown Minneapolis and its eighth in Minnesota. The community is expected to be delivered in 2020.
Brooklyn Community Secures $113M Refi
Goldman Sachs originated the new loan, which pays down a previous $120 million construction mortgage for the 2016-built luxury property.
Job Gains Keep Absorption Steady in Richmond
Healthy absorption of new stock and job growth continue to boost the metro’s multifamily market, despite the area’s sluggish economy.
Fine-Tuning Multifamily Management for 2019
Bell Partners’ CEO shares his insights on new market opportunities in the coming year, how technology is transforming the business and why a hands-on approach still goes a long way.
Chicago’s West Loop to Gain 2-Tower Community
A joint venture of Lendlease, The John Buck Co. and Intercontinental Real Estate Corp. broke ground on a 586-unit community on the former site of skin care manufacturer H2O Plus.
$125M Loan Awarded to NYC Luxury Building
Germany-based commercial bank Helaba provided the loan package to Stellar Management in a transaction brokered by Cushman & Wakefield.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in November 2018 in New York City.
Covenant Capital Group Raises Record $395M
Covenant Apartment Fund IX is the largest fund in the company’s 18-year history. The capital will go toward revitalizing recently acquired properties.
Senior Housing Portfolio Receives $327M Refi
The Freddie Mac loan, originated by Berkadia, will refinance some 2,200 units for Brookdale Senior Living.
Bank of America Provides $25M for Bay Area Refi
The loan retires a prior, $30 million CMBS mortgage from late 2008, which had been set to mature in January.