Regions
FirstService Residential Strengthens Leadership Team
The property management company selected John Brea, a former Walmart executive, to oversee the firm’s fast-growing footprint in the U.S. and Canada.
Grandbridge Closes Indianapolis Community Refi
The 493-unit community is situated on the campus of Indiana University–Purdue University Indianapolis. Grandbridge placed the refinancing with Ladder Capital Finance.
Coldwell Banker Expands CA Portfolio
Welcoming 18 sales professionals formerly affiliated with Jelly Properties, Coldwell Banker Residential Brokerage purchased its third office in Del Mar. Joe Jelley will join the brokerage company in a sales capacity.
Greystar Nabs NJ Community for $70M
Cushman & Wakefield represented the seller, Invesco Real Estate, in the disposition of the amenity-filled, 115-unit property located in Hoboken, N.J.
Security Properties Expands Its WA Portfolio
The 178-unit community offers convenient access to major employers such as Intel, JBLM, State Farm Insurance and Amazon. Garco Construction sold the asset for $32.3 million.
Greysteel Closes Fully Affordable Baltimore Sale
The 150-unit Portside Apartments is located within a 20-minute drive of downtown and is subject to Section 42 provisions. The property last changed hands in 2005.
2017 Top 50 Multifamily Owners
While geopolitical, macroeconomic and real estate market uncertainty contributed to a modest slowdown in commercial real estate transaction activity to start off 2017, volume picked up as the year progressed, with prices remaining high and cap rates and interest rates still at historic lows.
Inland Closes 141-Unit CO Community Sale
An Inland affiliate acquired the suburban property situated roughly one hour north of Denver. The community was 97.2 percent occupied as of September.
Transactions: November 2017
The following is a list of transactions that were announced between April 24 and Aug. 26, 2017.
Pillar Refinances 2 Indianapolis Communities
The $23.3 million in Fannie Mae loans will pay for green property improvements at Echo Ridge and English Village, two communities located on the southeast side of the city.