TODAY’S DEALS: Holliday Fenoglio Fowler Closes Sale of Houston Apartments
HFF has closed the sale of a 318-unit complex in Houston; Grosvenor Investment Management U.S. Inc. commits $93 million; and Johnson Capital closes a Louisiana apartment loan.
TODAY’S DEALS: Phoenix Realty Group and MG Properties Acquire $53M Apartment Complex
Phoenix Realty Group and MG Properties have aquired a 402-unit community in Garden Grove, Calif., and JP Morgan Chase sells a 195-unit Sacramento apartment complex for $12.4 million.
TODAY’S DEALS: Continental Real Estate Companies Brokers $15M Apartment Sale
Continental Real Estate Companies has completed a $15 million apartment sale in Florida; Hendricks & Partners brokers the sale of Palms Patio Apartments in San Diego; and Venture West Funding has arranged $10.2 million in loans with CapitalSource.
TODAY’S DEALS: JV Development Group Breaks Ground on Dallas Mixed-Use Project
A JV has started contruction on a new mixed-use development in Dallas; NAI brokers the aquisition of 119-unit property to be converted to affordable housing for seniors; and NorthMarq Capital arranges a $27.5 million mortgage for a 444-unit apartment complex in Virginia.
Eminent Domain Process Set to Begin in ‘Iron Triangle’
New York–The eminent-domain land seizure in Willets Point, N.Y., a spot known locally as the “Iron Triangle,” is set to begin next week, and not without controversy.
TODAY’S DEALS: HFF Secures $53M in Financing for Mixed-Use D.C. Apartment
Holiday Fenoglio Fowler has secured $53 million in financing for a 231-unit mixed-use project in Washington, D.C.; A Woods Partners development was completed in Massachusetts; and NCB deploys capital to support low- and moderate-income communities.
TODAY’S DEALS: Senior Living Investment Brokerage Closes Two Sales Totaling $24.5M
Senior Living Investment Brokerage completes two sales; Prometheus obtains new fee-management account; and Raymond James provides tax credit equity.
TODAY’S DEALS: Forest City Sells Interest in L.A. Apartment Property
Forest City Enterprises Inc. sells 50 percent interest in 264-unit apartment property; Charles Dunn Company closes the sale of a 26-unit apartment complex for $2.8 million; and Hendricks & Partners brokers the sale of an affordable seniors apartment property.
TODAY’S DEALS: NAI Tampa Bay Brokers Sale of Oasis Grand Tower
NAI Tampa brokers sale of Oasis Grand tower to Lofton Islands Holdings; The Donaldson Group closes on acquisition and renovation refinancing for a 459-unit community; and Marcus & Millichap brokers sale of mnufactured housing community for seniors.
Schlage Introduces High-Tech Multifamily Lock Line
Schlage Lock Company has introduced a new computer-managed electronic lock that is highly customizable, smart and efficient.