TODAY’S DEALS: IPA Brokers $64.3M Sale for JB Matteson
IPA brokers a 358-unit sale for JB Matteson; Canyon Capital funds a $15 million mezzanine loan for the construction of a mixed-use asset in Dallas; and TRG buys an apartment community near LA Live.
TODAY’S DEALS: AvalonBay Sells Two D.C. Area Assets for $332M
AvalonBay sells 1,392 units; Decron breaks ground in Los Angeles; and NorthMarq Capital arranges $20.62 million in FHA financing.
TODAY’S DEALS: Mack-Cali Enters D.C. with $262.5M Buy
Mack-Cali enters the Metro D.C. multifamily market in a big way; Walker & Dunlop closes $90 million for a Pennsylvania asset; and Keller Williams Commercial arranged the $3.31 million sale of a San Diego multifamily property.
TODAY’S DEALS: Behringer Harvard, Legacy Partners Break Ground in Denver
Work begins on a luxury Denver asset; Transwestern brokers the sale of 1,476 units in two weeks; and Essex Realty brokers the sale of a new construction for $5.7 million.
TODAY’S DEALS: PRG Sells 292-Unit Asset in Raleigh
PRG Real Estate Management sells a 292-unit asset for $20 million; Berkadia arranges an $8.8 million bridge loan for a condo acquisition in San Jose; and ARA represents REIT in the sale of a fully stabilized asset in Florida.
TODAY’S DEALS: Venterra Realty Lands Financing for Houston-Area Buy
HFF arranges financing for an acquisition in Texas; Urban Land Conservancy buys land for an affordable TOD in Denver; and NorthMarq Capital arranges a $10.5 million cash-out refinance.
Otis Launches Sustainable Residential Elevator
Apartment builders have a new sustainable instrument in their development toolbox thanks to Gen2 Swtich, a new residential elevator by Otis.
TODAY’S DEALS: SARES•REGIS Launches Value-Add Fund
SARES•REGIS Group launches a fund targeting western markets; Landmark Apartment trust announces plans to buy management operations of Elco Landmark Residential Housing; and Lee & Associates’ Berzack Group sells a 52-unit asset in Van Nuys, Calif.
TODAY’S DEALS: Walker & Dunlop, ARA JV Closes $110M in Loans
A Walker & Dunlop, ARA joint venture completes five financings valued at $110 million; Centerline provides $21 million in acquisition financing; and HFF supplements a first mortgage with a $5.3 million loan.
TODAY’S DEALS: IPA Brokers a 274-Unit Texas Sale
IPA arranges a Texas sale; Beech Street Capital provides $9 million for an off-market purchase in Texas; and Eagle Group Finance provides $1.4 million for the acquisition of entitled land near downtown Los Angeles.