Regions
Wythe Confectionery Apartments Completed in Brooklyn
New York–Caro Enterprises has completed work on the 69-unit Wythe Confectionery apartment property (390 Wythe Ave.) in the Williamsburg neighborhood of Brooklyn. The project, which originally started as condos, is an adaptive reuse of a former factory.
TODAY’S DEALS: Karlin Real Estate Purchases 304-Unit Community in Orlando
Karlin Real Estate buys a 304-unit community in Orlando; Marcus & Millichap brokers the sale of a nine-unit property for $3.4 million; and Chozick completes a $4.4 million sale of an 1970s apartment.
Harbor Group Expands Apartment Management Portfolio
Harbor Group Management Co. has taken over the property management business of Great Atlantic Management. Great Atlantic’s portfolio of 21 properties includes 3,880 apartment units and about 116,000 square feet of commercial space in Virginia.
TODAY’S DEALS: MAA Acquires 240-Unit Community in Alabama
MAA acquires a 240-unit upscale community in Alabama; Marcus & Millichap brokers the sale of a 30-unit community in Seattle; and Red provides $6.79M Fannie Mae loan for student housing.
New USC Property to be First LEED Platinum Student Housing
Los Angeles–A new student housing property at the University of Southern California opened with the distinction of being the only student housing in the country to be on track to earn LEED platinum certification.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
Portland, Ore.–KTGY Group is designing a green senior living community just outside of downtown Portland. The $29 million apartment community will add 132 units to the city’s pool of affordable housing for active adults of 62 years and over.
New Jersey’s Sub-Metering for New Multi-Housing Units an Environmental Win
The NJ Board of Public Utilities has approved a petition submitted by the NJAA for approval of water sub-metering in newly constructed multifamily buildings.
Preparing Multi-Housing Units for Future Hurricanes
First an earthquake, and then a hurricane (or tropical storm, depending on where you were)…The East Coast has had its fair share of natural disasters this August.
Avoid a Multifamily Meltdown
Now more than ever, natural disasters have become the harsh reality for multifamily owners and operators throughout the country.
TODAY’S DEALS: NorthMarq Arranges $17.9M Mortgage for Texas Community
NorthMarq arranges a $17.9 million mortgage for a Texas community; Triad Senior Living acquires a retirement community in Oklahoma; and Centerline commits $9.1M for former public housing project.