Forman Capital provided a $9.41 million construction loan to a developer who will convert a vacant hotel into an apartment community. GoodHomes Communities will soon begin construction on a 5.25-acre site located at 2444 Maple Ave. in Burlington, N.C. Ben…
CIM Group said Friday it had sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, VA. The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings at $225 million. CIM…
Marcus & Millichap Capital Corporation (MMCC) arranged $5,000,000 for the refinancing of Larson Apartments, located at 8101 Larson Ave. in Garden Grove. Ron Balys, SVP, capital markets, based out of MMCC’s Orange County office, secured the bank financing on behalf…
Multifamily investment management and development firm Cityview has completed Portico, a 378-unit multifamily project in Oakland’s Brooklyn Basin master-planned community. Located at 37 8th Ave. in an Opportunity Zone on the Oakland Estuary, the property has launched leasing, with rents starting…
ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison Terrace, for $11 million. The transaction marked the firm’s last holding in the Chicago multifamily market. Interra Realty’s Lucas Fryman…
RPM Living Investments paid $85 million, or $212,500 per unit, for Aspire Lenox Park. The seller was Willow Bridge Property Co., the recently rebranded multifamily division under Dallas-based Lincoln Property Co. It acquired the community in 2014. Aspire Lenox Park has 400…
An affordable place for Atlanta’s city workers is taking shape. The Atlanta Business Journal reports a duo of developers affiliated with three area churches are planning 200 workforce apartments across the street from Atlanta City Hall. Radiant Development Partners and…
Madison Communities closed on the financing for Madison Oglethorpe, an upscale garden-style multifamily development located directly adjacent to Oglethorpe Mall in Savannah, Georgia. The mall has over 100 shops and entertainment options. The financing included a $35.5 million construction loan…
JLL has arranged the $79 million refinancing of Marina Square, a 270-unit, newly built, luxury apartment community located on the Puget Sound waterfront in Bremerton, Washington. The JLL Capital Markets Debt Advisory team was led by Senior Director Seth Heikkila,…
Berkadia secured financing for Axonic Properties’ acquisition of 246 out of 361 condo units at Palmera Pointe Apartments, located in the Town ‘n’ Country submarket of Tampa, Florida. Berkadia’s Mitch Sinberg led a team that secured a $32.23 million loan…
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