Property Types
New Dog Concierge Service at Gateway is Spot On
Gateway, a 1,712-unit luxury rental community in Battery Park City, has inked an agreement with dog services provider The Spot Experience, which will offer its acclaimed breed of dog concierge services to the apartment community’s canine-owning residents.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Pollack Shores Acquires Luxury Community for $28.2M
Pollack Shores Real Estate Group has recently acquired a 252-unit multifamily community in Melbourne, Fla., for $28.2 million. The community, called Polo Glen Apartments, is currently 94 percent occupied.
BEMT Invests in 24-Story Mixed-Use Luxury Rental Community
Bluerock Enhanced Multifamily Trust has recently announced its investment in MDA City Apartments, a mixed-use luxury rental community in downtown Chicago. The New York-based non-traded real estate investment trust has partnered with Village Green, the owner of the 24-story building. Village Green is an owner / operator with a portfolio of around 40,000 units in 13 states.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
TODAY’S DEALS: Michigan Student Housing Portfolio Trades for $101.8M
A 2,772-bed portfolio trades hands in Michigan; The RADCO Cos. buys a 144-unit asset in Georgia; and Johnson Capital arranges a $8.4 million, five-year fixed-rate loan from a bank.
Construction Begins on Student Housing Near UNC Charlotte
Work has started on Circle University City, a student housing property that will open in time for the fall 2014 semester. The development will be within walking distance of UNC Charlotte.
NorSouth Development to Develop $16.25M Seniors Community
NorSouth Development announced it is starting construction on a $16.25 million seniors community called HearthSide Sugarloaf in Gwinnett County, Ga., the fifth HearthSide community in the metro Atlanta area since 2010.
Phase I of Shippensburg University Housing Complete
The first phase of a development project to upgrade all on-campus residences at Shippensburg University in Shippensburg, Pa., is complete.
Ground Broken for Suburban LA Affordable Housing
Affirmed Housing Group has broken ground on Arbor Green Apartments, an affordable housing development. The property will include 40 units comprised of one-, two- and three-bedroom units, each with its own storage locker.