Property Types
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
JB Matteson Acquires Second North Bay Property
JB Matteson Inc. has acquired the 113-unit Rafael Town Center in San Rafael, Calif. The purchase marks the firm’s seventh acquisition in California and second in the North Bay.
Embrey Developing MF in Colorado’s Ken Caryl Ranch
Embrey Partners is developing a luxury 250-unit, Class-A multifamily community in Colorado’s prestigious Ken Caryl Ranch neighborhood.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
Ground Breaks on New Supportive Housing Community in Santa Monica
The Hollywood Community Housing Corporation (HCHC) and Step Up On Second broke ground today on a supportive housing community in Santa Monica, Calif.
Greystone Coordinates Financing for Jersey City Affordable Housing Community
Greystone has solidified financing for Salem Lafayette Apartments in Jersey City. The $64.5 million Fannie Mae Multifamily Affordable Housing (MAH) funding will go toward the acquisition and rehabilitation of the affordable housing community.
Centerline Capital Unveils New Healthcare Lending Platform
Centerline Capital Group has announced the addition of a national healthcare lending platform. The new program will fund a variety of multifamily healthcare related projects such as community-based residential care, assisted living, memory care and nursing homes.
Wood Partners Opens North Carolina Apartment Property
The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development.
In Spite of Difficulties, Virtus Still Sees Opportunity in Student Housing
While investing in student housing has recently become more difficult due to inventory and financial constraints, Virtus Real Estate Capital remains optimistic about the health of the sector, especially near tier-one schools.