TODAY’S DEALS: NorthMarq Arranges Five-Year Bank Loan for Purchase in Prime NYC Location
NorthMarq arranges a five-year bank loan for purchase of retail condo in prime New York City location; and Ridge Capital purchases a California property for $19.625 million.
TODAY’S DEALS: HFF Arranges $47M Financing for 77 West Huron in Chicago
HFF arranges $47 million in financing for 77 West Huron in Chicago; and Alliant Capital provides a $2.23 million loan.
TODAY’S DEALS: Stalled Chicago Tower Restarts with U.S. Bank Loan
Related starts a Chicago tower thanks to financing from U.S. Bank; Stoneleigh Companies and Arris Investments land construction financing for a 298-unit asset in Denver; and NorthMarq arranges a $20 million loan for a market-rate Las Vegas community.
SPECIAL REPORT: The New Apartment Development Cycle Targets Generation Y
The new apartment development cycle focuses on the needs and wants of a huge demographic that is now entering prime renter age–Generation Y, said Rohit Anand, KTGY Principal, during MHN’s Excellence Awards ceremony held in New York.
PROFILE: Brian Ahern, Architect
One of the biggest lessons for developers and designers alike in historic adaptive reuse projects, suggests architect Brian Ahern, is the need to keep in mind that there may be many unforeseen building conditions which you cannot account for until you rip things apart.
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TODAY’S DEALS: Johnson Capital Arranges a $53.9M Takeout Loan
Johnson Capital obtains permanent financing for a mixed-use property on Mercer Island, Wash.; and Walker & Dunlop supplies a $4.75 million loan.
Bridge Financing Boost
Strategic real estate investors discover high-yielding opportunities with the help of bridge financing.
PROFILE: Driver Urban
Driver Urban has been created as an independent company by the 93-year-old general contractor, C.W. Driver, to provide construction services for the multifamily sector.
TODAY'S DEALS: NorthMarq Arranges $12.125M Mortgage for Fractured Condos
NorthMarq Capital arranged acquisition financing for 178 units of a 360-unit fractured condominium community; and Walker & Dunlop provides cash-out in two-year interest-only refinance.