property type: Multifamily

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 ...

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 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 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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Commercial Real Estate Direct Staff Report Valley National Bank has provided $49.3 million of financing against the 105-unit apartment building at 2442 Ocean Ave. in Brooklyn, N.Y. The loan allowed the property's owner and developer, Lay Assets of Brooklyn, to ...

South Florida Business Journal Cervera Real Estate Ventures has paid $13.19 million, or about $146,556/unit, for the 90-unit apartment property at 4325 and 4335 NW South Tamiami Canal Drive in Miami. A venture of G3 Investment Trust and MIA Airport ...

Multi-Housing News The 62-unit Coral Reef Apartments in San Gabriel, Calif., has been sold to a private investor for $14.7 million, or $237,096/unit. CBRE brokered the deal on behalf of the buyer and the undisclosed seller. The property, which sits ...

The coronavirus pandemic has had a profound impact on the seniors-housing sector, with occupancy dropping by 2.8 percentage points during the second quarter to 84.9 percent. That's the largest quarterly decline in occupancy in 14 years, according to the National ...

Harbor Group International has sold the 807-unit Coach House apartment complex in Kansas City, Mo., for $81.5 million, or $100,991/unit. The Norfolk, Va., investment manager sold the property to a San Francisco investor in a deal brokered by Berkadia, which ...

Triangle Business Journal Alliance Residential Co. has filed plans for a 328-unit apartment property in Raleigh, N.C. The five-building project is being planned for the site of the former Plaza Hotel, on 13 acres at 2815 Capital Blvd. The property, ...

Colorado Real Estate Journal Greystar Real Estate Partners has bought the 480-unit Champions Park Apartments in Thornton, Colo., for $119 million, or $247,917/unit. The Charleston, S.C., investment company purchased the complex, at 2525 East 104th Ave., from Eaton Vance Real ...

JLL Capital Markets has arranged $28 million of Fannie Mae financing for the 456-unit Cliffs at Minnetonka apartment property near Minneapolis. The 10-year loan, which pays a fixed coupon, was used to refinance existing debt. JLL's Delegated Underwriting and Servicing ...

Pensam Capital has provided $52 million of mortgage financing against the 230-unit Rise Central apartment complex in Beaverton, Ore. The three-year loan, which has the ability to be extended, allowed the owner, Rembold Properties of Portland, Ore., to refinance existing ...

San Antonio Business Journal Atlantic Pacific Cos. has purchased the 378-unit Mira Loma Apartments in the San Antonio suburb of Live Oak, Texas. Crescent Real Estate of Fort Worth, Texas, was the seller. The purchase price was not disclosed. CBRE ...

Phoenix Business Journal Pennybacker Capital has paid $42 million, or about $139,073/unit, for The Osborn, a 302-unit apartment complex in Phoenix. The Austin, Texas, private equity firm bought the property, which consists of 31 two-story buildings, from Bean Investment Real ...

Austin Business Journal Stillwater Capital Investments is planning to build a 360-unit apartment property in Austin, Texas. The Dallas developer is building the complex on 4.4 acres at 7113 Burnet Road. It will stand six or seven stories, with 10 ...

South Florida Business Journal Trinsic Residential Group wants to build a 292-unit apartment project in Delray Beach, Fla. The Dallas developer has proposed the six-building property for a 12.2-acre site at 2095, 2101, 2189 and 2200 West Atlantic Ave. It ...

South Florida Business Journal Related Group has filed for a zoning change for a Hollywood, Fla., development site where it wants to build a garden-style apartment complex. The city's Planning Commission will hear the proposal on July 23. The site, ...

Charlotte Business Journal Grubb Properties is breaking ground soon on a 259-unit apartment project in Charlotte, N.C. The Charlotte developer recently bought the seven-story project's development site, at South Mint, West Palmer and South Graham streets in the city's Gold ...