Property Acquisitions and Dispositions
Cornerstone Communities, the largest private homebuilder in San Diego County, is entering the nascent market of all-electric homes in its new upscale townhome community named Laurel Heights.
Cornerstone Communities, the largest private homebuilder in San Diego County, is entering the nascent market of all-electric homes in its new upscale townhome community named Laurel Heights.
Real estate company created considerable value in just nine months of ownership
Addison Partners, a real estate investment firm focused on acquiring well-located multifamily properties in strategic growth markets in the Southeast, today announced it has sold three communities totaling 178 units in Greensboro, N.C. The buyer and the sales price were not disclosed.
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.375 million sale of a 13-unit apartment property located at 907-927 Grand Avenue in the Eastside submarket of Long Beach, CA.
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.325 million sale of a six-unit bungalow-style apartment property located at 1318 19th Street in Santa Monica, CA.
JLL Capital Markets announced that it has arranged a refinancing for Flats at Lansdale, a 180-unit, luxury multi-housing community located in Lansdale, Pennsylvania.
Greystone, a leading national commercial real estate finance company, has provided $44,317,000 in total Fannie Mae Delegated Underwriting Services (DUS®) financing for the acquisition of a 472-unit multifamily portfolio of three communities in Chesapeake, Virginia. The transaction was originated by Steven Vainer, Managing Director at Greystone, on behalf of MRKT Capital.
PHILADELPHIA, February 14, 2022 – JLL’s Capital Markets group announced today that it has secured a $260 million loan for East Market, a mixed-use project with residential units, retail, office and parking in the Market East neighborhood of Philadelphia, Pennsylvania.