Property Types
Neglected Property in Oakland Reemerges as Polished Affordable Housing Community
Oakland, Calif.–Affordable Housing Associates has completed a comprehensive rehabilitation of 401 Fairmount Ave., now serving overlooked segments of the population in more ways than one.
AFL-CIO Housing Investment Trust Invests $58M to Build Boston Apartments
Boston–The AFL-CIO Housing Investment Trust has committed $58.2 million of union pension capital for the construction of the new Charlesview Apartments in Boston.
TODAY’S DEALS: Behringer Harvard Buys 200-Unit Community near Boston
Behringer Harvard acquires a 200-unit luxury community in a Boston suburb; Transwestern brokers a $72 million, 1,107-unit portfolio sale in Maryland; and Trade Street Capital buys a 263-unit property in Chattanooga, Tenn.
Work Begins on Affordable Property in Riverside County, Calif.
Lake Elsinore, Calif.–Ground has been broken on Pottery Court Apartment Homes, 113 dwellings for families earning between 30 and 50 percent of area median income.
Upscale Brooklyn Apartments Come to Market
New York–163 Washington Avenue, a 16-story glass tower in the Brooklyn neighborhood of Clinton Hill, has changed hands and is ready for occupants.
TODAY’S DEALS: IPA Brokers $38M Sale near San Francisco
IPA arranges the sale of a 250-unit community in Union City, Calif. for $38 million; PCCP partners with Signature Development Group to acquire a 130-unit luxury project in Dublin, Calif.; and HFF arranges financing for manufactured home communities.
Upscale Brooklyn Apartments Come to Market
New York–163 Washington Avenue, a 16-story glass tower in the Brooklyn neighborhood of Clinton Hill, has changed hands and is ready for occupants.
New Owner Plans New Life for $300M Miami Condo Development
Miami–New owners iStar Residential and ST Residential have stepped in with plans to reposition and relaunch the upscale, 340-residence Paramount Bay in downtown Miami.
Curley Joins Fletcher Thompson as Principal of College and University Architecture
New York–Fletcher Thompson, an architectural, engineering and interior design firm, has added W.J. Patrick Curley, AIA, as principal of the firm’s College and University Practice Group.
Campus Living Villages’ Student Housing Wins Accolades
Lubbock, Tex.–The Cottages of Lubbock, a premier student housing community near Texas Tech University, was recently voted students’ favorite off-campus place to live.