Berkadia arranges loan for acquisition of apartments in Plantation, Florida
Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida.
Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott...
American Landmark adds Jacksonville apartments to portfolio
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Deerwood Park, a 282-unit multifamily community in Jacksonville. The property will be renamed Eddison at Deerwood Park and will undergo...
IPA sells Gulf Coast multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Vantage at Panama City Beach, a 288-unit apartment asset in Panama City Beach, Florida.
“Panama City Beach is a thriving...
JLL completes sale and financing of Hawthorne at Lake Norman
JLL Capital Markets announced that it has completed the sale and financing of Hawthorne at Lake Norman, a 232-unit, Class A multihousing community in Mooresville, North Carolina.
JLL represented the seller, Hawthorne Residential Partners, LLC,...
Apis Cor to Build a 3D-Printed Model House to Demonstrate Workforce Housing in South...
Apis Cor, a pioneer in construction technology, has commenced construction of a fully permitted 3D-printed residential house in Melbourne, Florida.
The 2,168-square-foot house is tailored to meet both long-term and short-term rental needs for workforce...
Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...
Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...
Nearly 700 builders shine a spotlight on housing affordability in Hill Visits
Nearly 700 builders from across the nation converged on Capitol Hill today for the National Association of Home Builders (NAHB) 2019 Legislative Conference to urge their lawmakers to support policies that will increase the production of quality,...
Florida multihousing community sells for $70.6 million
JLL Capital Markets announced that it has closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multihousing community in...
Oak Row Lands $181M Construction Loan for 2600 Biscayne Miami Office and Multifamily Tower
New York and Miami-based Oak Row Equities, led by Erik Rutter and David Weitz, has closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a 41-story Class AAA office and multifamily...
Agent PHL Brokers 19-Unit Multifamily Sale on Ridge Avenue in Philadelphia for $6.7M
On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1519 Ridge Avenue in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
Aztec Group arranges $142 million in debt financing for Melo Group’s 667-unit Art Plaza
Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 38 years, announces that Peter Mekras, President of Aztec Group, has arranged $142 million in debt financing for Art...
Marcus & Millichap announces $24 million sale of Winchester Virginia Apartments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pine Plaza and Wright Apartments, a 195-unit apartment portfolio located in...
PCCP, LLC and Abode Communities, LLC form joint venture to develop build-to-rent communities in...
PCCP, LLC announced that it has formed a joint venture with Abode Communities, LLC for the ground-up construction of three build-to-rent (BTR) communities in the heart of Raleigh, North Carolina. These infill, Class A,...
Maxwell Drever’s back in buy mode
"Clearwater ghost comes back to life," a local business journal declared above a story about Concierge Asset Management's purchase at the beginning of July of a long-dark condo tower in the economically troubled city...
FCP acquires 297-unit multifamily apartment community in Raleigh, NC for $48 million
FCP announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, North Carolina.
“Grand Arbor Reserve is a well-located asset that provides residents...
