Regions
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Economy Watch: Renter Household Growth Likely to Slow
Following an unprecedented run-up in demand over the last decade, rental household growth is expected to decelerate in the coming years, according to a recent Harvard Joint Center for Housing Studies report.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.
Glasshouse Breaks Ground in Pittsburgh
Station Square Apartments, located across the river from Pittsburgh’s central business district, is slated to feature 319 Class A units and ground-floor retail space.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.
Climb Markets New Bay Area Apartments
The newly constructed market-rate community in Point Richmond features a roof deck, bicycle parking and landscaped common areas in an accessible location.
LaSalle Investment Management Buys CO Community
The 20-building property was 93.1 percent occupied as of October. The community is close to major employment centers such as Denver tech Center and Lucent Business Park.