Alliance Residential Company opens apartment community in Northeast Raleigh
Leading national multifamily developer Alliance Residential is proud to announce the opening of its newest apartment community, Prose New Hope in Northeast Raleigh. Prose New Hope is in the heart of a high-growth employment corridor...
ECI Group acquires 260-unit Longitude 81 Apartments in Estero, Florida
ECI Group (ECI) announces the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, Florida. Built in 2016, Longitude 81 encompasses 11, two-story apartment buildings on 17.95...
MG Developer appoints Diego Torrealba as senior vice president
MG Developer, a residential developer with headquarters in Coral Gables and currently the most active developer in Hialeah, is pleased to announce that it has named Diego Torrealba as its new Senior Vice President...
JLL secures $38 million construction financing for GroveParc Townhomes in Tampa MSA
JLL Capital Markets announced that it arranged $38 million in construction financing for GroveParc Townhomes, a 190-unit, Class A build-to-rent development located in Wesley Chapel, Florida (Tampa MSA). JLL worked on behalf of the borrower,...
Best-in-class multihousing community in Washington, D.C. sells
JLL Capital Markets announced that it closed on the sale of The Shay, a 245-unit, best-in-class multihousing community located in the highly sought-after Shaw neighborhood of Washington, D.C. JLL represented the seller in the transaction. Built...
Financing secured for University of Tennessee student housing community
JLL Capital Markets announced that it has arranged the acquisition financing for 303 Flats, a Class A, 138-unit / 431-bed, mid-rise student housing community located at the University of Tennessee in Knoxville. JLL represented the...
Marcus & Millichap arranges the sale of a 27-unit North Miami Beach multifamily portfolio
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 27-unit apartment portfolio located in North Miami Beach, Florida. The assets sold for $4,850,000. “The sale...
Avison Young completes $37.5 million refinancing of a 178-unit apartment community in Orlando, Florida
Avison Young Capital Markets lead Principals Jay Maddox and Peter Sherman and Miami-based Principal George Vail have arranged the $37.5 million refinancing of Azul Baldwin Park on behalf of the owner, Beverly Hills, Calif.-based...
Cushman & Wakefield arranges sale of Lively Victor Park located in emerging South Carolina...
Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Lively Victor Park, a 318-unit multifamily community located in Greer, South Carolina. Cushman & Wakefield’s John Phoenix, Louis Smart, and...
JLL arranges $262 million financing for the development of luxury condominium tower in Miami
JLL’s Capital Markets group announced that it has secured the $262 million construction financing for E11EVEN Residences Beyond, a 65-story condominium development in Miami, Florida. The project will include over 550 luxury condominium units, 13,861...
PCCP, LLC provides $57 million loan to refinance Metro University City in Charlotte, North...
PCCP, LLC has provided a $57 million loan for the cash neutral refinance of Metro University City, a 309-unit mid-rise multifamily community located at 404 Gallop Lane in the University City neighborhood of Charlotte,...
Cushman & Wakefield arranges $91 million sale of The Reserve at Sugarloaf in Atlanta’s...
Cushman & Wakefield announced that the commercial real estate services firm arranged the $91 million sale of The Reserve at Sugarloaf, a 333-unit multifamily community located in Duluth, Georgia at 2605 Meadow Church Rd. Cushman...
PCCP, LLC provides $67.8 million loan for the development of Parkway Crossings, a 309-unit...
PCCP, LLC has provided a $67.8 million loan to Fore Property Company for the ground-up development of Parkway Crossings, a Class A, 309-unit multifamily community in Kissimmee, Florida. The six-acre site is situated near...
Daytona Beach multihousing development secures $77 million in financing
JLL Capital Markets announced that it has closed the $77 million construction financing for Atlantica at Daytona, a 341-unit, luxury, garden-style multihousing development in Daytona Beach, Florida. JLL represented the borrower, a joint venture between...
Cushman & Wakefield arranges sale of two Tallahassee multifamily communities
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parkway Square and Tally Square, two multifamily communities totaling 505 units located in Tallahassee, Florida. The final sale...