St. Louis
Sundance Bay JV Buys St. Louis-Area Community
Shore to Shore Properties was the seller of the 318-unit Class C multifamily asset. The buyer financed the purchase with a $13 million loan from Grandbridge Real Estate Capital.
Gateway Acquires St. Louis-Area Mixed-Use Community
The 8.3-acre property, which will be rebranded as The Westview, marks the company’s seventh acquisition in the St. Louis area within the last five years
St. Louis-Area Community Breaks Ground
Located roughly 2 miles from Southern Illinois University Edwardsville’s campus, the 153-unit development is now underway, with an expected completion date in early 2020.
Chase Properties Buys St. Louis-Area Asset
The company partnered with Gold Block Ventures to acquire New Town Apartments in St. Charles, a 157-unit community completed in 2004.
Griffin-American Healthcare Expands MO Portfolio
The REIT added eight skilled nursing facilities in the St. Louis-area to the five assets it acquired last year. The cost of the acquisition was $88.2 million.
Tarlton Renovates 2 Historic St. Louis Properties
The $28 million project transformed the former Shriners Hospital for Children and Central Institute for the Deaf into The Core Apartment Residences, which includes 160 units.
Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.
Solid Supply Impacts Occupancy in St. Louis
St. Louis continues to be one of the most affordable markets in the U.S. However, workforce housing is lacking and inventory expansion is placing pressure on occupancy.
Cushman & Wakefield Brokers Sale of 680-Unit MO Community
Mike Hanrahan and Bobby Mills of the St. Louis office and Mike Kemether of the company’s Atlanta office represented the seller, Priderock Capital Partners, in the transaction.
On the Market: 5 Interesting Listings for the Week of 6/11
This week’s listings include a rehabilitated historic asset in St. Louis and a newly constructed community in Las Vegas’ Spring Valley.