Regions
Element Properties Opens Denver-Area Affordable Housing Community
SPARKwest is the first phase of SPARK development, an 11-acre mixed-use project within Boulder Junction. The climate-friendly community includes a mix of two- and three-bedroom units.
Denver Luxury Condo Project Lands $83M
HFF arranged construction financing for Lakehouse on 17th, a waterfront high-rise, on behalf of NAVA Real Estate Development. This project marks the first in Colorado to pursue WELL Building Certification.
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week’s listings are a century-old Manhattan property, a brand-new community near Philadelphia’s Center City, and more.
Dougherty Lines Up HUD Financing for Minneapolis Community
Working on behalf of Albright LP, the company has arranged an $8.5 million loan for the rehabilitation of Albright Townhomes, an 89-unit affordable housing property.
LMC Breaks Ground on 339-Unit Seattle-Area Community
The Bower is an upcoming 339-unit property in the northern part of Kirkland, Wash., situated adjacent to Interstate 405. A direct-access freeway bus stop will be available for resident use.
NY Skilled Nursing Portfolio Lands $75M Financing
The 561-bed Optima Portfolio comprises three skilled nursing assets in the New York City area. The acquisition loan was funded through HUD.
Steadfast Management Names New President
A 30-year industry veteran and former Camden Property Trust executive, Michael Brown will oversee Steadfast’s 36,000-unit, 19-state multifamily management portfolio.
Bell Partners Buys Pasadena Asset
Cushman & Wakefield arranged Hines’ sale of The Ellington, a 212-unit, transit-oriented development. Completed in 2016, the community includes 25 affordable residences.
FirstService Residential to Manage NJ Properties for Alfred Sanzari
The portfolio includes 535 units in Bergen and Middlesex counties and is nearly 100 percent occupied. This is the first time Alfred Sanzari has partnered with a third-party manager.
Goldman Sachs Buys AZ Luxury Property
The 341-unit Hanover Mill Avenue was purchased from The Hanover Co. and is situated three blocks from Arizona State University, within walking distance of the Metro Light Rail.