Griffin Capital obtained a $47 million refinancing for 1900 Parmer Apartments, a recently-built, 364-unit midrise apartment community in Austin.
Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Patrick Johnson of Berkadia Miami arranged the financing for Griffin. MF1 Capital provided the loan. The property was 98% leased at the time of closing.
Located at 1900 E. Parmer Lane, the community offers studio, one- and two-bedroom units ranging from 458 to 1,270 square feet. Apartments feature private balconies or patios with French doors, and amenities include two swimming pools with cabanas, a two-story fitness center, a demonstration kitchen, a kegerator, and a billiards table; a co-working lounge with private meeting rooms; a fireplace lounge with outdoor seating; and a social terrace with BBQ grills and a media center.
The complex is situated in Austin’s Tech Ridge neighborhood, approximately 20 minutes north of Downtown.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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