Regions
CBRE Brokers Sale of 244-Unit Affordable VA Community
EBEX Holdings and FriedLam Partners purchased Ashton Heights in Roanoke. Jeff Kunitz and Alex Medeiros of CBRE Affordable Housing, together with Charles Wentworth and Peyton Cox of CBRE Richmond, arranged the sale.
2 MN Communities Land $5M Fannie Mae Loan
The 16-year term loan with a 30-year amortization schedule was arranged by Dougherty’s Minneapolis office on behalf of the borrower, Amorce II Limited Partnership.
NJ Condos Receive New Management
The property, which includes 300 one- and two-bedroom condominium units across 19 buildings, features community amenities including swimming pools and tennis courts.
Harrison Street Snags German Student Housing Portfolio
The company purchased 1,000 units in cities throughout the country from MPC Capital AG, which will continue to manage the STAYTOO-branded properties.
Real Estate Takes on Drone Technology
With potential applications in marketing, site management and logisitics, drones are slowly but steadily gaining ground in the real estate industry.
Skanska Wins $170M CA Contract
The firm is slated to erect two San Francisco communities containing nearly 600 units, which will serve the students of the University of California.
Integrity Working on Affordable Housing in Ventura
Riverside Apartments will feature 23 units and will incorporate sustainable construction best practices. The project is being developed in partnership with MW Development.
Marcus & Millichap Partner Facilitates $16M Sale in MN
Mox Gunderson, Dan Linnell and Josh Talberg at Marcus & Millichap’s Minneapolis office, represented a local partnership in the sale of Tamarind Apartments, a 102-unit community in Saint Louis Park.
Economy Watch: SF, NY Remain Nation’s Priciest Rental Markets
Apartment rents continually rose over the course of 2017, but changes among specific markets varied greatly, according to a recent ABODO report.
AvalonBay Sells New Haven Community for $33M
Inland Real Estate Acquisitions LLC will rebrand the newly purchased, 99-unit community in Shelton, Conn., to Huntington Townhomes.