Regions
Greystone Provides Freddie Mac Loan for Affordable KC Asset
Keith Hires, managing director in Greystone’s Atlanta office, obtained the acquisition loan for Alcazar Apartments, a 142-unit community in the southern part of the city.
MBK Rental Living to Open CA Luxury Property
Located in Paso Robles, Blue Oak will encompass 85 units and 56 townhomes. Rentals are already available, with Alliance Residential handling both leasing and property management services.
DC Apartment Community Trades for $42M
The new owner, Urban Investment Partners, is planning to implement a $1 million capital improvements plan to upgrade and renovate the asset located at 3333 Wisconsin Ave.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city’s busiest areas.
Origin Investments, SEEC Enterprises Plan Denver Development
The $35 million Brick Stone Apartments will include 150 units. Phase one is expected to be completed in the second quarter of 2019.
Bolour Breaks Ground on $24M Luxury LA Community
The Riverside development in Silver Lake will comprise 65 units and offer access to a swimming pool, a gym and a club room.
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.