Regions
$200M Mixed-Use Development Coming to Chicago
Ogden Commons will be built on 10 acres on the city’s West Side, bringing hundreds of mixed-income housing units, along with commercial and retail space to the area starting next year.
Las Vegas Community Secures $55M Refi
The 376-unit rental property developed by Joseph Sorge was completed earlier this year. NorthMarq Capital arranged the loan on behalf of the owner.
Idaho Apartments Command $24M
Kennedy Wilson acquired the 188-unit community in an off-market transaction financed with a $14 million Freddie Mac loan.
Limited Deliveries Prop Up Inland Empire Rent Growth
The industrial sector continues to drive development in the area, bolstering demand for multifamily properties.
Archway Holdings Buys $29M Nashville Portfolio
The seller, Belew Rentals, had purchased the multifamily assets encompassing more than 360 units between 2012 and 2013, for a combined $4.2 million.
Electra America Enters Nashville Market
The investor has completed its first acquisition in the metro with the purchase of Lyric on Bell, a 336-unit Class B community.
TriBridge, Stockbridge Sell Nashville-Area Community
Olen Properties paid more than $57 million for the 254-unit Class A asset, which last changed hands in 2014 for $42.2 million.
On the Market: 4 Interesting Listings for the Week of 11/19
This week’s listings include value-add investments from the beaches of Oahu to the suburbs of Los Angeles, with a large-scale opportunity near the University of Illinois.
Pacific American Trades Sacramento-Area Affordable Property
WNC & Associates partnered with the Foundation for Affordable Housing to purchase the 95-unit multifamily asset. The acquisition was funded with $7.4 million in Freddie Mac financing.
Sentinel Sells Sacramento Community
Oakmont Properties paid $44 million for the 168-unit multifamily asset, with CBRE Capital Markets originating more than $25 million in acquisition financing.