Prominence
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.
Carter Multifamily Buys $84M Georgia Portfolio
The firm picked up 810 residential units across six apartment communities in the Savannah metro area. Carter plans to renovate the properties and upgrade common areas.
Austin Tops List for Downtown Rental Premium
Residents pay 92 percent more than the market average to live in the downtown core, with apartment demand driven a large student population and robust job growth.
Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
Lantower Residential Pays $75M for Orlando Luxury Community
Wood Partners sold the 314-unit Alta Grande property to Lantower Residential of Dallas in a deal negotiated by Cushman & Wakefield’s Florida Multifamily Team.
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
Brookdale Senior Living Lands $111M Freddie Mac Loan
Arranged by KeyBank Real Estate Capital, the financing is secured by a 14-property portfolio across the country totaling 1,100 assisted living and memory care units.
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.