Multifamily

0m ago•schedule1 min read•Source: Commercial Observer

Advanced Real Estate Buys Two of Hollywood’s Five Apartment Towers

Two multifamily towers in Hollywood, Calif., have traded hands as the construction pipeline remains at historic lows. Kilroy Realty, a Los Angeles-based real estate investment trust, sold the two deve

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Bawabeh Holdings Files Plans to Build Nearly 1,000 Apartments in East Flatbush

New York-based real estate developer Bawabeh Holdings has filed a rezoning application for a nine-building housing development in East Flatbush, Brooklyn. Bawabeh’s Uniform Land Use Review Procedure (

JCAL Development Secures $26M Refi for South Bronx Apartment Building

Bronx-based private real estate development and construction company JCAL Development Group has secured a loan to refinance the Bridgeline apartments in the South Bronx. Webster Bank provided the two-

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229-Unit Tempe Apartments to Open in September

Construction is expected to wrap up in September on Cabana Kyrene, a 229-unit multifamily project by Greenlight Communities. The project will be situated at the southwest corner of West Guadalupe and

BridgeCity Capital Lends $38M for Prospect Heights Apartments Build

Ranco Capital has sealed $37.6 million of acquisition and construction financing for the development of a mixed-use multifamily building in Prospect Heights, Brooklyn, Commercial Observer has learned.

Dwight Capital Refis Harlem Apartments With $114 HUD Loan

Rester Management has landed $114 million of U.S. Department of Housing and Urban Development-backed debt to refinance a newly built multifamily tower in Harlem, Commercial Observer has learned. Dwigh

Patterson Arranges Construction Loan for 165-Unit Multifamily Project in Sugar Land, Texas

SUGAR LAND, TEXAS — Patterson Real Estate Advisory Group, a regional financial intermediary has arranged a construction loan for The Westermark, a 165-unit multifamily project that will be located in

Stoneweg Sells 194-Unit Apartment Community in Mesa, Arizona to Rise48 Equity

MESA, ARIZ. — Stoneweg has completed the disposition of Avenue 8, a garden-style multifamily property in Mesa. Rise48 Equity acquired the asset for an undisclosed price. Brett Polachek, Chris Chanter

Western Kentucky University Board Approves Gilbane’s $350M Student Campus Housing Development Plan

BOWLING GREEN, KY. — The Western Kentucky University (WKU) Board of Regents has approved the “Elevate WKU” development plan with Gilbane Development Co., a global real estate development firm, to laun

Greystone Provides $28.2M Agency Acquisition Loan for Apartment Community in Tuscaloosa

TUSCALOOSA, ALA. — Greystone has provided a $28.2 million Freddie Mac loan to finance the purchase of Landmark Apartments, a 264-unit multifamily community located in Tuscaloosa. Elliott Mulkin of Gre

JLL Arranges $16M Construction Loan for Charlotte Multifamily Project

CHARLOTTE, N.C. — JLL Capital Markets has arranged a $16 million construction loan for Project J, an 84-unit apartment building in Charlotte’s South End neighborhood. Taylor Allison, Alexis Kaiser, N