MHN TV: Property Tour – AIRE
Shannon Roche-Rosen, leasing manager at AIRE, takes MHN on a tour of the 43-story glass tower located at 200 West 67th Street at Amsterdam Avenue in Manhattan. The 310-unit property was developed by A & R Kalimian Realty and opened in May 2010.
TODAY’S DEALS: Home Properties Acquires Two Communities for $65.1M
Home Properties acquires two properties for a $65.1 million total; Essex Realty arranges a bulk sale of 31 condo-converted units for $2.15 million in Chicago; and Marcus & Millichap brokers the sale of a 444-unit community in Largo, Fla.
TODAY’S DEALS: Trecap Purchases Two Oregon Communities for $53.9M
Trecap Partners acquires two communities in Oregon for $53.9 million; Western National completes a $31 million acquisition in Orange County; and Education Realty Trust closes on the ground lease of a new student-housing community at Syracuse University.
TODAY’S DEALS: NorthMarq Capital Arranges $98.35M Tax-Exempt Bond Securitization
NorthMarq arranges a $98.4 million tax-exempt bond securitization for a national bond portfolio; Phoenix Realty Group buys a 220-unit community in Los Angeles for $23 million; and Cassidy Turley brokers the sale of 1.7 acres of land in Phoenix for a student-housing development.
Laticrete and Supercap Join Forces to Pump Concrete Sky High
Laticrete International has entered into a partnership with Supercap to form Laticrete Supercap LLC. The company uses high-tech pumping trucks to deliver self-leveling underlayment up to 50 stories high.
TODAY’S DEALS: Cushman & Wakefield Sells a 200-Unit Community in Mass.
Cushman & Wakefield arranges the sale of a 200-unit community in Mansfield, Mass.; Education Realty Trust and The Edwards Company close financing and begin construction on a student-housing community in Alabama; and Walker & Dunlop closes a $13.2 million HUD 223(f) loan.
TODAY’S DEALS: IPA Sells Newly Constructed L.A. Community for $133M
IPA completes the sale of a newly constructed 438-unit property in Los Angeles for $133 million; Tryko picks up a campus of age-restricted properties in West Philadelphia; and GFI sells a rent-stabilized building in Brooklyn for $5.15 million.
TODAY’S DEALS: NorthMarq Capital Arranges $55M Mortgage
NorthMarq Capital supplies a $55M refinance mortgage for an upgraded property; Johnson Capital arranges $50M in financing secured by a 414-unit community in San Francisco; and Newcastle Limited purchases two Chicago properties for $9.1M.
TODAY’S DEALS: Cornerstone Acquires $58.6M Mixed-Use Community
Cornerstone acquires a 163-unit mixed-use development in California; NorthMarq secures a $48M refi loan; and Boston Capital invests in the rehabilitation of an affordable housing community in Texas.
TODAY’S DEALS: Waterton Acquires 224-Unit Community in Florida
Waterton Residential acquires a 224-unit community in Florida; HFF closes the sale of and arranges financing for two assets outside Houston; and Phillips Development & Realty sells its interest in a 339-unit asset in Dallas.