389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Summit Management Services Inc. has paid $29.9 million, or $115,521/unit, for Arbors at Sweetgrass, a 259-unit apartment property in Fort Collins, Colo. The Akron, Ohio, company bought the 25-year-old property from Hamilton Zanze & Co. of San Francisco. The deal ...
96 percent leased. Summit Management financed its purchase in part with a $24 million mortgage from Freddie Mac that was also arranged by CBRE. The loan has a seven-year term and pays a floating rate.
Grubb & Ellis has been hired to market a portfolio of five properties that are occupied by various federal agencies under long-term leases. The portfolio is expected to sell for more than $100 million.
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© 2023 Commercial Real Estate Direct All rights reserved..