property type: Multifamily

The Real Deal Beechwood Organization has agreed to pay $13 million for the former Whiporwil School at 495 Hoffman Lane in Hauppauge, N.Y. The New York developer plans to demolish the Long Island, N.Y., school and replace it with a ...

South Florida Business Journal Principal Life Insurance Co. has provided a $44 million construction loan for the development of the Shalimar Apartments in Plantation, Fla. TM Real Estate Group of Miami is developing the 240-unit property on a 25-acre site ...

Commercial Observer A venture of Jair Lynch Real Estate Partners and Nuveen Real Estate has paid $72.5 million, or about $156,587/unit, for the 463-unit Phoenix Apartments in Bladensburg, Md., about seven miles northeast of Washington. Florida Value Partners of Miami ...

Hamilton Zanze has paid $46.5 million, or $203,947/unit, for the 228-unit Retreat at Arden Village apartment property in Columbia, Tenn., a Nashville, Tenn., suburb. The San Francisco company bought the complex from Ram Partners of Atlanta in a deal brokered ...

Gelt Inc. has paid $146.5 million, or $469,551/unit, for Oasis Anaheim, a 312-unit apartment property in Anaheim, Calif. The Los Angeles investor purchased the property, at 3530 East La Palma Ave., some 30 miles southeast of Los Angeles, from a ...

Greystone has provided $71.3 million of Freddie Mac financing against the 197-unit Sendero Townhomes in the Northern California city of Santa Rosa, Calif. The seven-year loan requires only interest payments for its first four years, then amortizes on a 30-year ...

Cohen Rojas Capital Partners has paid $17.5 million, or $291,667/unit, for Mile High Place, a 60-unit apartment property in Denver. The San Francisco real estate investment firm bought the property, at 1586 Hooker St., from its developer, Highland Builders and ...

The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, has increased the amount each can annually invest through low-income housing tax credits to $850 million. The two housing-finance agencies were allowed to move back into the sector ...

SAM Residential Group has paid $46 million, or about $280,487/unit, for Riverside, a 164-unit apartment property in Tempe, Ariz. The Scottsdale, Ariz., company purchased the property from Knightvest Capital, which had purchased it just more than two years ago for $24 ...

South Florida Business Journal DSL Enterprises has sold the 73,340-square-foot self-storage facility at 1301 NW 89th Court in Miami for $17 million, or about $231.80/sf. The Doral, Fla., company sold the property, near the Miami International Airport, to a company ...