Tuesday, October 15, 2019

Atlantic region

Atlantic region includes: Florida, Georgia, North Carolina, South Carolina, Virginia, West Virginia and Washington D.C.

LMC acquires Novel Stonewall Station Apartments

LMC, a leader in apartment development and management, today announced its acquisition of Novel Stonewall Station, a luxury transit-oriented apartment community located in Uptown, one of Charlotte's most sought-after rental submarkets. The transaction marks...

Trez Forman closes $16 million loan for condominium project in Clearwater-St. Petersburg area

The developer of the planned Avalon Beach Club in Clearwater Beach obtained a $16 million loan from Trez Forman Capital for the project. Most of the condominiums in the 34-unit building are expected to...

Apartment cleaning service expands business model

Lapa Lopa, an innovative cleaning service exclusively for apartments, has launched a new app for cleaners, whether individuals or cleaning companies. Operating in the Washington D.C. and Seattle metro areas, Lapa Lopa has created...

JLL arranges $16 million financing for The Park at Sunderland

JLL announced today that it has arranged $16 million in financing for The Park at Sunderland, a 268-unit, garden-style apartment community in Birmingham, Alabama. JLL worked on behalf of Vazza Real Estate Group to originate...

JLL closes sale of Alpharetta City Center

JLL announced that it has closed the sale of Alpharetta City Center, a unique heritage-based, mixed-use residential and retail property in downtown Alpharetta, Georgia. JLL marketed the asset exclusively on behalf of the sellers, South...

Study: Affordable housing policy backfires in Baltimore, Washington region

Inclusionary zoning is perhaps the most popular affordable housing program among U.S. local governments today. It requires new housing developments to include some homes that are rented or sold at below-market-rate prices to address...

JLL closes $141 million sale of Atley on the Greenway

JLL announced it has closed the $141 million sale of Atley on the Greenway, a 496-unit, transit-oriented apartment community in the Washington, D.C.-area community of Ashburn, Virginia. JLL marketed the property on behalf of the...

Value-add apartment community outside Washington, D.C., sells for $52 million

Transwestern Commercial Services (TCS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Capital Crossing, a 359-unit, value-add investment property in Suitland, Maryland. Hampshire Properties sold the garden-style asset to Castle Lanterra for...

Admiral Capital Real Estate Fund II, LP and Security Properties acquire Cambridge at Hickory...

Admiral Capital Real Estate Fund II, LP (“ACRE II”), an affiliate of Admiral Capital Group (“Admiral”), and Security Properties (“SP”) purchased Cambridge at Hickory Hollow, a 360-unit multifamily property located in Nashville, Tenn. Cambridge at...

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...

Cushman & Wakefield brokers $55 million financing of luxury, 292-unit apartment community in Fort...

Cushman & Wakefield has negotiated the financing in the acquisition of ORA Flagler Village, a newly completed, 292-unit luxury mid-rise apartment community in Fort Lauderdale. The Cushman & Wakefield Equity Debt & Structured Finance Team...

Cushman & Wakefield’s arranges $82 million multifamily sale

Cushman & Wakefield has arranged the $82 million sale of Overton Row, a 323-unit apartment community located in Charlotte, North Carolina. Marc Robinson, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the...

Wood Partners announces pre-leasing at new luxury residential community in Orlando

Wood Partners, a national leader in multifamily real estate development and acquisition, announced today that it has begun pre-leasing for a new luxury residential community—Lake House by Alta—in Orlando, Florida. The new community, located at...

Marcus & Millichap arranges the sale of a 50-unit apartment building

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Costa De Cocoa, a 50-unit apartment property located in Cocoa,...

Cushman & Wakefield pepresents Atlantic Housing Foundation in $29.5 million sale of Watermans Crossing...

Cushman & Wakefield, as the exclusive agent, has negotiated the sale of Watermans Crossing, a multifamily community positioned along the Hillsborough River in the Wellswood submarket of Tampa. The 337-unit property sold for $29.5...
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