Prominence
CBRE Arranges $700M Refi for National Portfolio
The nine Class A+ assets in the Modera collection are owned by a partnership of Rockwood Capital Corp. and Mill Creek Residential.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.
FL Luxury Asset Commands $108M
Walker & Dunlop arranged both the sale and a $65.2 million Freddie Mac loan for the 348-unit Hermitage Apartment Homes in St. Petersburg, which was acquired by Brass Enterprises.
Boca Raton Community Receives $126M in Financing
Developed by Giles Capital Group, Rosemurgy Properties and Schmier Property Group, in partnership with Wheelock Street Capital, the South Florida project encompasses 456 luxury units and more than 150,000 square feet of retail space.
RedHill Realty Purchases $72M WA Community
Berkadia arranged the sale on behalf of FPA MultiFamily in its disposition of MIRO at Dash Point, a 386-unit garden-style property in Federal Way.
NYC Firm Awarded $70M to Build Modular Housing Community
Thorobird Cos., in a partnership with Bangladeshi American Community Development & Youth Services, will develop a 167-unit affordable property in Brooklyn.
LMC Breaks Ground on Seattle Mixed-Use Project
Ovation is a 548-unit luxury apartment community scheduled for completion in 2021. The development also features 6,000 square feet of ground-level retail.
Poll: Energy Strategy
MHN has a new poll! We want to know if a formal strategy for maximizing energy efficiency is in effect at most of the properties your company owns or manages.
Baltimore Multifamily Report – Winter 2019
Despite a cycle peak in new apartment developments last year, demand remained strong, maintaining occupancy within a relatively tight range.
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.