12th & James, a 214-home luxury apartment community in Atlanta, Georgia, was recently sold for $39 million. The property is at 12th & James, located at 1212 James Jackson Pkwy NW. JLL worked on behalf of the seller, Aspen Square Management. The buyer was EQ Housing Advisors, Inc., which partnered with Atlantica Properties to convert the property into...
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Lee & Associates LA North/Ventura represented 5435 BALBOA LLC in the sale of a 74,947-square-foot office building located at 5435-5445 Balboa Blvd. in Encino to Elysian Housing and Capstone Equities for $20.64 million. Elysian Housing and Capstone Equities will convert the office building to an affordable housing community, The Oaks on Balboa. It will include 117...
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Walker & Dunlop arranged $105 million in loan proceeds to refinance 805 Lea, a 356-unit, Class-A high-rise mixed-use property in Nashville, Tennessee. Walker & Dunlop’s Real Estate Finance, Stephen Farnsworth and his team arranged the loan on behalf of Key Real Estate Company. The financing, provided by Nuveen (a TIAA company), includes a three-year term...
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Sentinel Real Estate has acquired The Venue at Orange, a recently constructed luxury apartment community located in Redlands. Seller and pricing were not disclosed. Located three miles from Redlands’ historic downtown, the 328-unit, garden-style property was completed in 2023 and comprises seven buildings, including six residential structures and a mixed-use community clubhouse. “This transaction exemplifies...
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Priority Capital Advisory has closed a $12 million bridge loan for Hudson West, a newly delivered 50-unit multifamily property located at 2411 Broadway Street in Vancouver, Washington. The financing was arranged on behalf of Cascadia Development Partners, replacing a maturing construction loan, extending financial flexibility through lease-up and stabilization. “We ran a hyper-competitive lender process...
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The District of Columbia Housing Finance Agency (DCHFA) issued $48.26 million in tax exempt bonds, underwrote $34.9 million in federal and $6.8 million in DC Low-Income Housing Tax Credit equity for the construction of Harvard Court Apartments. Additional financing for the development is provided by a $24.3 million loan from the DC Department of Housing...
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Pierce County, City of Tacoma, Washington State Department of Commerce and the Low Income Housing Institute (LIHI) recently celebrated the grand opening of Kingfisher Village, a new tiny home village in South Tacoma. The new residential project at 1824 S. 84th Street will offer 60 units of affordable housing to people experiencing homelessness and living...
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Wells Fargo’s Multifamily Capital group has closed a $249.2-million Freddie Mac loan for Anagram NoMad, a luxury residential tower located at 10 E. 29th St. between Madison and Fifth avenues in the NoMad neighborhood of Midtown South in Manhattan. The sponsor, Global Holdings Management Group, will use the loan to refinance an existing Wells Fargo balance sheet loan. Executive...
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