National
City Vista Apartment Community in Pittsburgh Nears Completion
Construction has begun on the last building of the 272-unit City Vista apartment complex behind Parkway Center Mall in the city’s suburban area, the Pittsburgh Business Times reports.
Centerline Arranges $10M Loan for 210-Unit Antioch Community
Centerline Capital Group, a provider of real estate financing services for market-rate and affordable multifamily housing has recently provided a $10.4 million Freddie Mac conventional loan to refinance Cedar Pointe Apartments, a 210-unit multifamily asset in the Greater Nashville Area.
Equus Capital Partners Acquires 558-Unit M-F Portfolio in Suburban Minneapolis
Private equity real estate fund manager Equus Capital Partners Ltd. recently announced that its affiliates have acquired a multifamily portfolio featuring two properties located in suburban Minneapolis. The communities were purchased from Henderson Global Investors and will be managed by the multifamily operating arm of Equus: Madison Apartment Group L.P.
Embrey Partners Starts Work on Infill TOD in Richardson
San Antonio-based Embrey Partners, Ltd. has commenced construction of GreenVUE, a Class A, transit-oriented development in the heart of the Telecom Corridor.
Pantzer Properties Buys Pentagon City Apartment High-Rise for $101.1M
A high-rise apartment community in the heart of Pentagon City has recently changed hands in one of the D.C. area’s largest residential transactions of the year. Pantzer Properties paid $101.1 million to acquire The Bennington from The Carlyle Group and The Bainbridge Companies. The New York-based firm purchased the property through its Panco Strategic Real Estate Fund II, LP.
Full House Pays $62M for Metro Memphis Casino
Full House Resorts, Inc. a locals-oriented, regional casino gaming company, has announced entering into a definitive agreement with The Majestic Star Casino LLC to purchase Fitzgerald’s Casino for $62 million.
DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington
DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months.
Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque
About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.
EAH Housing Awarded Contract to Develop New Transit-Oriented Affordable Housing Community in Emeryville
A new affordable housing project is set to near reality after the City of Emeryville announced that it had picked the company that would handle an important project for the community. According to a recently released press statement, Emeryville local authorities have selected EAH Housing, the oldest nonprofit housing management and development organization in the western US. EAH then went on to select the architecture firm that will provide the design for the project, and the developer settled on KTGY Group, Inc.
Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers
As the long awaited 111 West Wacker Drive project gets closer and closer to completion, which is scheduled for this summer, Governor Pat Quinn recently saluted the developers and workers.