Other Multifamily News

Michael A. Costa, President and Chief Executive Officer of California-based Highridge Costa Companies, has been inducted recently into the California Housing Consortium’s 2018 California Housing Hall of Fame, Private Sector, in recognition of his many contributions to the affordable housing industry. The induction took place at the Consortium’s 2018 Policy Forum & California Housing Hall of Fame Awards, held on May 11 at the Fairmont Miramar Hotel in Santa Monica, California.

Holliday Fenoglio Fowler, L.P. (HFF) announces the permanent financing for Apollo on H Street, a best-in-class, pre-stabilized residential, retail and office mixed-use property in Washington, D.C.’s H Street Corridor.

The Royal Atlantis Resort & Residences and José Andrés’ ThinkFoodGroup are thrilled to announce that the popular Jaleo concept will launch at the destination property in 2019. Since its debut in Washington, D.C.'s Penn Quarter in 1993, Jaleo has evolved to represent modern Spain at every moment, with locations in Washington, DC; Bethesda, Maryland; Arlington, Virginia; Las Vegas; Mexico City and, in Fall 2018, in Disney Springs, FL.

Gainesville, Fla., June 20, 2018 – Franklin Street has arranged a $9 million loan for the refinancing of Addison Lane Apartments, a 316-unit multifamily apartment property located in Gainesville, the largest city in North Central Florida’s 14-county region. Casey Siggins and Ben Miller of Franklin Street’s Capital Advisors division secured the loan on behalf of the buyer, Florida Homes 7, LCC. The seven-year loan, arranged through a partnership with National Bank, has a fixed rate of 4.45 percent. Franklin Street’s Lonnie Kitchen provided insurance services for the asset.

Greystone, a real estate lending, investment and advisory company, today announced the May 30, 2018, closing with investors of the $750 million Greystone Senior Debt Opportunity Fund. The Fund is managed by Greystone’s affiliate investment adviser and includes several institutional and large public pension fund investors. The 8-year fund invests in debt financing across a range of commercial real estate properties.

Holliday Fenoglio Fowler, L.P. (HFF) announces financing totaling $53.175 million for the development of The Bradley, a mixed-use residential and retail property in Miami’s Wynwood neighborhood.

HFF announces $17.3 million in financing for Spring Meadow, a 271-unit, apartment community in the Phoenix suburb of Glendale, Arizona.

Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for two San Antonio, Texas, apartment communities totaling 636 units – Brynwood Apartments and Sereno Park Apartments.

Holliday Fenoglio Fowler, L.P. (HFF) announces financing totaling $172.845 million for five apartment communities comprising 1,534 units in the Denver and Houston metropolitan areas.