Regions
Hunter Plaza Mixed-Income Apartment Transformation Under Way in Fort Worth
BOKA Powell and Fort Worth Housing Authority have started construction on a redevelopment project that will transform Hunter Plaza in downtown Fort Worth into an 11 story, mixed-use and mixed-income residential building.
Houston Apartment Community Sold by Lupert-Adler Partners
Tiburon, a 320-unit Class A apartment community in Houston has been sold by Lubert-Adler Partners to a private individual. ARA Real Estate Investment Services represented the Philadelphia-based company in the transaction.
Economy Watch: Residential Price Increases Still Slowing Down
The deceleration of residential prices continues apace, according to the latest S&P/Case-Shiller Home Price Indices.
Work Begins on West Miami Apartments
Ground has been broken on Gables Prado, an apartment development in West Miami, an inner suburb of Miami also near Coral Gables. The property, at 950 S. Red Road, includes 194 units.
TODAY’S DEALS: StarPoint Grabs 259 Units in Los Angeles County
StarPoint completes a $51.8 million acquisition; Marcus & Millichap brokers a 26-unit sale in Illinois; and NorthMarq Capital arranges $11.86 million in Fannie Mae acquisition financing.
JB Matteson Acquires 216-Unit Sacramento Apartment Community for $29.75M
JB Matteson has acquired Medici Apartment Homes, a 216-unit apartment community in Sacramento, Calif.’s north Natomas submarket for $29.75 million and rebranded it as Avanti. Arroyo & Co. arranged the transaction.
Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change
The World Bank released a report on the long-term impact of climate change, focusing on the affect on the “lives and livelihoods” of people in three parts of the world.
WiSe, Nuestra Complete Affordable Housing Rehab in Boston
WiSe Urban Development and Nuestra Comunidad Development Corp. have completed the rehabilitation of Washington Park. The property is an eight-building, 96-unit apartment community that straddles the Boston neighborhoods of Dorchester and Roxbury and includes 86 affordable units.
SoulCycle Leases Ground Floor at Related Midwest’s OneEleven
Related Midwest has announced that indoor cycling chain SoulCycle has inked a lease for the 4,200-square-foot ground-floor space at the developer’s upscale mixed-use residential tower, OneEleven, in Chicago.
TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama
Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community.