Regions
On the Market: 5 Interesting Listings for January
This month’s multifamily listings include a community in Vancouver’s Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.
Berkadia Facilitates $133M Seattle-Area Sale
Senior Managing Director Kenny Dudunakis and Directors Ben Johnson and David Sorensen represented the seller of the 485-unit Shoreline community.
HSL Lands $17M in Loans for Tucson Assets
Both loans benefit from Fannie Mae Multifamily’s Green Rewards program, which serves as an incentive for the owner to more efficiently use water and energy.
Pathfinder Expands Phoenix Footprint
The company acquired Vintage Apartments for $18.6 million and Avalon Apartments for $13.7 million, with plans to renovate both communities.
Community Builders Procures $38M to Develop NY Apartments
Cottage Place Gardens Phase III is a 70-unit, mixed-income property in Yonkers. The project involves the replacement of a 1940’s housing project and a deteriorated townhouse.
A New Smart Home Program
As developers are now integrating connected-home devices during the building process, residents can purchase smart homes with built-in, state-of-the-art automation technologies.
HFF Secures $28M Refi for OR Community
Director Scott Gilson and Associate Charlie Watson, both on the firm’s debt placement team, represented the borrower of the 10-year loan, which was placed with Freddie Mac’s Capital Markets Execution (CME) program.
Risky Business: Top Tips for Managing Insurance
Last year’s extreme weather events raise a critical question: What are the best ways to ensure adequate coverage without overpaying?
Chicago Apartments Achieve LEED Gold
M&R Development’s The Residences of Wilmette, which has 75 units, opened in October. The property features a green roof with drought-resistant vegetation and environmentally kind flooring, paints and sealants.
Search for Yield Intensifies in 2018: NMHC
Industry experts at NMHC’s annual Apartment Strategies Outlook Conference in Orlando discussed the current “Goldilocks” economy and why 2018 might be tough for investors.