Regions
6,000 Affordable Units to Be Renovated or Built Using FHLBank Funds
The San Francisco bank awarded $65.9 million for 70 developments that will provide housing for low-income families and individuals in seven states.
Luxury Community Breaks Ground in Capitol Hill
With delivery planned for 2020, Foulger-Pratt’s Beckert’s Park in D.C. will feature 325 units and 68,000 square feet of ground-floor retail, including a Safeway store.
Starlight, Blackstone Acquire 746 Units in Canada
The portfolio comprises six communities located in Toronto and Montreal, which include low-, mid- and high-rise buildings. This marks Blackstone’s first investment in the Canadian multifamily market.
Weitz Co. Completes Phase I of Fort Des Moines Adaptive Reuse
Blackbird Investments’ property, which was the site of the training of the first African American officers commissioned into the U.S. Army, will include 142 units when completed.
On the Market: 5 Interesting Listings for the Week of 6/25
This week’s listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.
Marcus & Millichap Facilitates Southern CA Sales via 1031 Exchanges
Located in Anaheim and Oceanside, the four communities changed hands for $67.7 million combined. Tyler Leeson and Drew Holden represented the sellers and also procured the buyers.
CBRE Arranges Affordable CO Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller. The Romero Group manages the property located within Willits Town center, a 360,000-square-foot mixed-use development.
Common Marketing Errors Property Managers Should Avoid
Marketing should be a rational, well-considered and calculated process, so even the most experienced property management marketers may need to be aware of several frequent mistakes they might be making.
Dominium Secures $96M for Twin Cities Affordable Housing
When completed, the former Weyerhaeuser lumber site in St. Paul, Minn., will include 241 units for seniors and 121 units for families.
Security Properties Nabs Puget Sound Apartments for $54M
The company, along with a university endowment, purchased Marq on Martin, a 248-unit property in Lacey, Wash.