Regions
Manhattan Luxury Condos Land $168M
The Continuum Co.’s Madison Square Park Tower recorded intense sales activity, with 58 out of 83 units already sold for a combined $400 million.
$21M NY Affordable Housing Redevelopment Opens
Chappaqua Crossing Apartments in Westchester County, the former site of the Reader’s Digest headquarters, features 64 mixed-income units and access to a playground, a clubroom and walking trails.
JVM Acquires Luxury Kansas City Community
The 340-unit property is located near the city’s Power & Light District as well as the CBD and represents JVM’s ninth high-end asset in Kansas City.
SoCal Community Sells for $5M
Stepp Commercial brokered the sale of the property located in the Bixby Knolls neighborhood of Long Beach, Calif.
Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
Essex Realty Group Brokers IN Community Sale
Mayfield Apartments, a 52-unit, garden-style community near Valparaiso University in Porter County, changed hands for $2.7 million.
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.
KeyBank Provides Financing for 2 Affordable Senior Housing Assets
Alliant Capital and New York State HFA provided additional financing, supported by existing project-based HUD Section 8 vouchers, for the renovation of the properties.