Austin
Double Time for GLC
New York-based GLG (Gerson Lehrman Group, Inc.) expands its presence in Austin through its recent office space lease.
Austin’s Condo Craze Continues with New Mixed-Use Development
The master redevelopment of the Green Water Treatment Plant near the corner of Cesar Chavez and San Antonio streets includes a 32-story LEED Gold registered high-rise placed on the shores of Lady Bird Lake.
TODAY’S DEALS: Why Heitman Thinks Austin is Awesome
Austin continues to prove a hot destination for institutional money; and a mobile home park finds favor with Bernard Financial.
Podcast: Oil and Apartments
Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN’s Mike Ratliff and Jack Kern aim to find out in this special edition research podcast.
TODAY’S DEALS: Hamilton Zanze Finds Value in Austin
Tech growth draws Hamilton Zanze to Austin; Home Properties starts a New Jersey repositioning play; and Eastern Union Funding closes a “100 percent” construction loan for a Manhattan mixed-use development.
Dividend Capital Buys Pair of Class A Office Buildings
Denver-based Dividend Capital Diversified Property Fund (DPF) recently announced the expansion of its office portfolio through the acquisition of Rialto I and II from Lincoln Property Co. The two buildings, totaling 155,000 square feet, sold for $37.3 million, approximately $240 per square foot.
TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan
Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.
TODAY’S DEALS: A Canadian Investment Group Picks Up Austin Apartments from Greystar
ARA brokers a 355-unit sale in Austin; Griffis Residential acquires 512 units in Austin; and Oak Grove Capital arranges a $10-million forward commitment for a public housing redevelopment in the business district of Tampa, Fla.
TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million
Marcus & Millichap sells two communities in Florida; Transwestern brokers a 210-unit sale in Colorado Springs; and Capital One Multifamily Finance closes a $19.5 million Fannie Mae loan.