Multifamily

Harbor Group International paid a total of $64 million for the 314-unit garden apartment property, according to Berkadia, which arranged the acquisition loan from a major insurance company for the buyer.

The sponsor, a local family which has owned the property for nearly 50 years, completed a master plan in 2014 that called for the removal of RV tenants in order to completely transform the property into a tiny home community.

San Diego-based Pathfinder Partners has been focusing on growth markets, and Denver is among its top targets.

Now might be an excellent time to take a fresh look at multifamily acquisitions. It's just one of the potential opportunities discussed in this exclusive interview with PNC Real Estate.

The national average rent in a high-end building is around $1,640 per month, about $490 more than an apartment in a low-end building, with Dallas rates now clocking in at $1,428 per month on average.

Koontz continues to pursue multifamily, office and industrial in familiar markets with a growth strategy to stay with fundamentals and respond to proven demand with the right product at the right price.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Soon, the Pier 70 28-acre waterfront neighborhood will have new housing, waterfront parks, space for artists and local manufacturing, and rehabilitated historic buildings.