Regions
Tucson Communities Trade for $45M
The two apartment communities are adjacent to each other, on West Aerie Drive, near Interstate 10. The immediate area boasts a plethora of shopping and dining options.
Q East Development in CA Secures $60M
George Smith Partners arranged the loan on behalf of California Home Builders for the construction of a mixed-use project including 241 units and 34,139 square feet of commercial space.
Jonathan Rose Begins Leasing Brooklyn Community
Caesura, named after a pause in the middle of a line of music or poetry, features 123 studios and one- and two-bedroom apartments, in addition to 34 furnished micro units. Move-ins will begin in February 2018.
Chicago Apartment Tower Lands 3 Green Globes Certification
Green Building Initiative awarded the title, a commercial building designation equivalent to LEED Gold, to Fifield Realty Corp.’s NEXT Apartments, located in the River North neighborhood.
ABI Brokers $3M Phoenix Sale
Wilshire Place underwent full renovations prior to the transaction, which included interior and exterior improvements. The community is situated near public transportation and schools.
Greystone Appoints New CEO
Thomas Ryan, who has been with the company since 1999, will be replacing current CEO Jeff Simpson in January 2018.
Silicon Valley Senior Housing Trades Hands
Previously owned by Capitol Seniors Housing, the 97-unit Fremont Hills provides 76 assisted-living units and 21 memory-care units.
MGPG Buys 456-Unit San Diego-Area Community
Waterleaf is a low-density garden-style property featuring one- and two-bedroom apartment units. CBRE secured a $76 million Fannie Mae acquisition loan.
Stamford Community Commands $67M
TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.
Meridian Sells 2 Brooklyn Apartment Buildings
The East Flatbush Portfolio, comprising two elevator buildings, has been sold for $26.5 million. The corner location and up-to-date condition of the properties require no additional maintenance.