Regions
Halstead Management Names New President
Leslie Bogen Winkler, formerly the firm’s executive vice president, will bring more than 40 years of residential management experience to the role.
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD’s Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
Investors Obtain $35M for AZ Acquisition
Western Wealth Capital secured the 360-unit Autumn Creek Apartments in Chandler. The property is currently 95 percent occupied.
Pathfinder Partners, Lanshire Complete CA Townhomes
Bahia Vista II in Chula Vista offers 16 townhomes and a tot lot, a paved trail and private patios. The community is scheduled for completion by August 2018.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.
Hamilton Zanze Makes First MD Buy
The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
VT Townhomes Reach $34M Sellout
Spruce Peak’s Village Townhomes in Stowe includes 18 luxury units and is the second of the company’s properties to sell out before construction was completed.