Regions
Luxury Silicon Valley Community Trades for $110M
Institutional Property Advisors brokered the sale of the 238-unit upscale asset located in San Jose on behalf of the seller, Cityview.
CGI Strategies Acquires LA-Area Community for $20M
The firm purchased Parkwood Apartments, a 78-unit property in the Los Feliz neighborhood, with plans to upgrade the building’s infrastructure and common areas.
JV Secures $70M Loan for NJ Asset
The proceeds of the 10-year loan, arranged by HFF, were used to retire existing construction financing for Steel Works, a 2017-built property in Harrison.
Fairfield Residential Trades NorCal Apartments
The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp.
McKenzie Brings New Units to WI Community
The development company has completed 60 units of Timber Valley Apartments, located in Madison, Wis., approximately 8 miles from the city’s downtown.
Financing Reaches New Level: Super-Competitive
Terra Capital Partners COO Dan Cooperman discussed the company’s strategy as the cycle matures and identified the deal structures that are causing concern.
How the Government Shutdown Impacts Multifamily
With HUD and other agencies currently disabled, residents and private sponsors of government-assisted housing are feeling the fallout from the stalemate over border security.
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.