Regions
Broad-Based Employment Fuels Demand in Indianapolis
Indianapolis is among the nation’s top cities for finding and maintaining a job, as evidenced in a new study compiled by job search website Glassdoor.
Meridian Arranges Loan for MI Luxury Property
The 10-year fixed-rate CMBS financing was secured on behalf of The Harrison, a community located in Royal Oak, Mich.
PA Properties Land $26M
The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers’ capital markets team secured five-year fixed-rate loans for both properties.
2 Phoenix Assets Trade Hands for $7M
CBRE brokered separate deals for The Markley in east Phoenix, which includes 27 units, and Twin Palms near downtown Phoenix, which includes 20 units.
Philly’s Presidential City Gets Full Makeover
The luxury community features an upscale swimming resort called Sora Pool Club among other amenities. The property is currently 90 percent leased.
Berkadia Secures $47M Refi for DC Property
The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.
Denver Luxury Asset Trades for $122M
HFF marketed the 465-unit property on behalf of the seller, Lennar Multifamily Communities, and procured the buyer, Starlight Investments.
IL Mixed-Use Development Opens
LMC and Clark Street Real Estate are opening The Emerson, located in Oak Park, Ill., a suburb of Chicago. The community includes 270 units and a retail component.
Gorman Lands $22M Refi for CO Asset
Walker & Dunlop arranged the atypical eight-year, fixed-rate term loan to refinance Lion’s Ridge Apartment Homes, a 114-unit workforce housing community at the foot of Vail Ski Resort.
High-Paying Jobs Add to Upscale Demand in Richmond
Although overall employment growth is tepid and continues to trail the national rate, the metro’s economy is slowly but steadily diversifying, drawing investors and large projects.