Other Multifamily News
SAN FRANCISCO, July 16, 2019 – JLL announces that it has arranged $76.8 million in financing for the development of 1554 Market Street, a 109-unit condominium project located in downtown San Francisco.
SAN DIEGO, July 12, 2019 – JLL announces it has arranged a $222.5 million refinancing on behalf of Sunroad Enterprises for two, Class A multi-housing properties totaling 803 units within the 232-acre Centrum Master Plan in San Diego’s Kearny Mesa submarket.
CHICAGO, July 12, 2019 – JLL announces it has arranged financing for ELEVATE, a newly built, 11-story luxury apartment building located in Chicago’s Lincoln Park neighborhood.
Draper and Kramer, Incorporated, a national real estate services firm, is proud to announce Lindsay Bonilla, property manager at Burnham Pointe, a luxury rental tower in Chicago’s South Loop, was named to the Institute of Real Estate Management (IREM)’s 30 Under 30 list for 2019. The national recognition program highlights young leaders committed to advancing the real estate management profession by demonstrating creativity, innovation and leadership in their careers.
Lake Park, Fla. – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, and its equity affiliate Electra America, announced today the final closing of its 2018 Multifamily Fund II, which raised $462 million from institutional and private investors. The firm also officially announced the launch of its 2019 Multifamily Fund III, with a target raise of $500 million for the acquisition of value-add multifamily assets throughout the Southeastern U.S.
NEW YORK, NY (July 8, 2019) – Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided a $70.4 million Fannie Mae affordable housing loan for an apartment complex in Chicago, IL. The permanent financing for Morningside North Apartments, which helps fulfill Fannie Mae’s Duty to Serve mandate, will provide long-term affordable housing for hundreds of residents in the Midwest.
BOSTON, MA – June 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has secured financing for CityView at Longwood, a 289-unit apartment high-rise in Boston’s Longwood Medical Area.
HOUSTON, TX – June 27, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has secured acquisition financing for Waterside at Mason, a 246-unit, Class A apartment community in the West Houston suburb of Richmond, Texas.