SCG Development

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  • JV Launches VA Affordable Housing

    Jefferson Apartment Group, SCG Development and the Fairfax County Redevelopment and Housing Authority are developing Residences at Government Center, a 270-unit property in Fairfax County.

    South 19 July 2017 08:18

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    Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.

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  • CBRE Arranges Sale of 160-Unit Sacramento Asset

    Integrity Housing sold Alhambra at Mace Ranch in Davis, Calif., for $28.5 million. Jim Flinn, senior vice president of CBRE Affordable Housing’s Debt and Structured Finance team, secured $20.2 million in acquisition financing.

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    The 706-bed community offers a mix of studios and two- to five-bedroom units averaging 1,116 square feet. Additionally, 114 Earle includes 7,000 square feet of retail space.

    14 September 2017 15:37
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    Lindsay Brown has more than 14 years of marketing and leasing experience in the student housing industry. Previously, she worked at Asset Campus Housing for nine years.

    29 September 2017 20:19
  • TH Real Estate Acquires 2 for $93M

    The Minneapolis communities, near the University of Minnesota, include the 101-unit The Knoll and the 210-unit The Bridges.

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  • Investment Sales

    Transaction volume value in the prior 12 months for all the property types was $447.9 billion, with garden apartments commanding the highest value at $97.5 billion. Mid- and high-rise and garden apartments represented 33 percent of the total transaction volume in the past year.

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  • Charlotte Teems With Demand Drivers

    Employment growth made the city an attractive target for new and expanding businesses, while supporting long-term multifamily demand. Following last year’s cycle high in deliveries, some 6,800 units are slated for completion in 2017.

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    HFF secured a floating-rate bridge loan through TPG RE Finance Trust. The financing will be used for redeveloping The Star, which will feature 286 units.

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