Archive for January 2010
ARA Brokers $35M Sale On Behalf of DRA Advisors
Apartment Realty Advisors (ARA) brokered the $35 million sale of Tyvola Centre Apartments, a 404-unit property located in the southwest submarket of Charlotte, N.C.
Read MoreWhat To Do About Non-Performing Properties?
MHN catches up with Ron Brock, Sr., President and CEO of Pierce-Eislen, at the NMHC Annual Meeting in Boca Raton. Brock shares his multifamily forecast for 2010 including the realities of dealing with non-performing properties.
Read MoreMarcus & Millichap Lists $10.9M REO Waterfront Site
Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Mizner Lakes, a 21.49-acre REO waterfront development site in West Palm Beach. The listing price is $10,992,000, or $16,000 per buildable unit.
Read MoreBrookdale Acquires Remaining Interests in Properties for $102M
Brookdale Senior Living Inc. completed the acquisition of three retirement center communities that it previously managed. The aggregate purchase price for the communities was $102 million. Brookdale had previously owned a minority, though non-financial, interest in the communities.
Read MoreColliers Directs $9.25M Note Purchase From China Trust Bank
Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.
Read MoreNorthStar Announces $95M Sale of Assisted Living P/F
NorthStar Realty Finance Corp. sold 18 assisted living facilities, containing approximately 1,300 beds, located in North Carolina to a private investor group for $95 million.
Read MoreAFI USA Completes $267M Refi of Times Square Building
AFI USA, a subsidiary of Africa Israel, has completed a five-year refinancing of the Times Square Building for about $267 million, plus access to a revolving line of credit from Banco Inbursa SA that will enable the owners to execute a comprehensive repurposing and revitalization of the property. Five Mile Capital Partners LLC will convert its existing debt to equity to become a 50 percent equity partner in the property.
Read MoreCBRE Brokers $52.5M Sale of 3 Apartments by Principal Financial
CB Richard Ellis has announced it arranged the sale and financing of a three-property portfolio of multi-housing communities located in Richmond’s West End.
Read MoreCAS Financial Recaps Largest Affordable Housing Property
CAS Financial Advisory Services (CAS FAS) recently completed the recapitalization and preservation of Starrett City in Brooklyn, N.Y.
Read MoreNew Sales Team Increases Contract Signings at Brooklyn Condominium
Since joining One Brooklyn Bridge Park as its exclusive sales and marketing firm two months ago, The Developers Group, has signed 14 new contracts and has more than 20 contracts out or in negotiations.
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