property type: Multifamily
New York City Apartment Property Sales Decline by 69 Percent in 2Q
The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since 2010. In ...
Oxford Properties Buys Seattle Apartment Building for $320Mln
Multi-Housing News Oxford Properties Group has bought the 461-unit Kiara Apartments in Seattle for $320 million, or $694,143/unit. The Toronto real estate investment company bought the 41-story property, at 970 Denny Way, from a venture of Holland Partner Group and ...
Capital One Lends $29.2Mln Against 4 Manhattan Apartment Buildings
Capital One has provided $29.2 million of financing against four apartment properties with 271 units in Manhattan. The loan allowed the owner of the buildings, Bronstein Properties of Queens, N.Y., to retire $13.3 million of debt that Dime Community Bank ...
Berkeley Point Lends $47.4Mln Against Denver Apartments
Berkeley Point Capital has provided a $47.4 million Freddie Mac loan against the 224-unit Encore Evans Station Apartments in Denver. NKF secured the loan on behalf of Treeline Multifamily Partners, which had acquired the property from Encore Enterprises, its developer, ...
Age-Restricted Residential Project Approved for Charlotte
Charlotte Business Journal Bridgewood Property Co. has been approved to build 220 age-restricted units in Charlotte, N.C. The project is being planned for a 1.4-acre site bounded by Royal Court and Morehead Street, southeast of Euclid Avenue. The Houston company ...
104 Affordable-Housing Units Planned for YWCA Site in Charlotte, N.C.
Charlotte Business Journal The Charlotte-Mecklenburg Housing Partnership has been approved to build up to 104 affordable-housing units on the site of the YWCA Central Carolinas property in Charlotte, N.C. City Council approved a rezoning for a portion of the 10-acre ...
Nationwide Life Lends $26Mln Against Birmingham, Ala., Apartments
Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co. has provided $26 million of financing against the 336-unit Crowne at Grandview apartment property in Birmingham, Ala. The loan allowed the property's owner, Crowne Partners Inc. of Birmingham, to retire ...
Owner of Bethesda, Md., Mall to Add Apartment Units, Hotel
Washington Business Journal The Montgomery County, Md., Planning Board has approved Unibail-Rodamco-Westfield's plans to bring apartment units and a hotel to the site of the 1.3 million-square-foot Westfield Montgomery Mall in Bethesda, Md. Plans call for 717 apartment units, a ...
Apartment Property, Hotel to Open in Washington, D.C.
Washington Business Journal A venture of CityPartners, Potomac Investment Properties and Paramount Development is nearing completion of a 194-unit apartment building and 252-unit hotel in Washington, D.C. The properties, which are next to each other and about three blocks from ...
147-Unit Apartment Property in Southern Calif. Sells for $49.7Mln
An affiliate of Silver Star Real Estate has paid $49.7 million, or $338,095/unit, for the 147-unit Amber Ridge Apartments in La Verne, Calif., some 30 miles east of Los Angeles. To help fund its purchase, Silver Star lined up an ...
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