Regions
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.
Marcus & Millichap Arranges Sale of IL Prospective Development
Richard Kozarits, Tami Andrews, Joseph Sigal and Richard Lynn were all part of the team involved in the $7 million sale of parcels totaling 35,000 square feet. The land will be used to build The Albion at Evanston, a luxury community in Evaston.
Mesa West Capital Earmarks $125M for 4 CA Properties
The communities to receive financing include the 186-unit Atlantic Apartments in Alameda, the 116-unit Mosaic Hayward in Hayward, the 102-unit Villas at Carlsbad in Carlsbad and the 116-unit Vista del Rey in Tustin.
Greystar Nabs Class A Community in Seattle
Zig Apartments features 170 residential units and ground-floor retail. Amenities include a fitness center, a business center and 108 parking spaces.