TODAY’S DEALS: Waterton Associates Initiates Value-Add Play in Florida
Waterton Associates buys a 402-unit asset; Morgan Properties completes a historic acquisition; and AvalonBay prices a $250 million unsecured offering.
TODAY’S DEALS: Manhattan High-Rise Lands $130M Refi
HFF arranges $130 million for a high-rise in New York; AIMCO breaks ground on a $32.6 million renovation in California; and Berkadia identifies the best lending source for a Texas community.
TODAY’S DEALS: Prudential Mortgage Capital Provides $71M for Manhattan Asset
Prudential arranges $71 million for a Manhattan refinance; Camden Property Trust buys a development site in Florida; and Alliant Capital completes a $1.4 million refinancing.
TODAY’S DEALS: Waterton Associates Lands an Atlanta Asset
Waterton completes its seventh buy of 2012; SL Green enters the Brooklyn residential market; and Essex Realty Group brokers sale of a residential condominium building.
TODAY’S DEALS: JV Lands Construction Financing for Virginia Project
A three-party joint venture lands financing for a Class A development in Virginia; Raintree Partners buys a California asset for $60 million; and GFI sells a Brooklyn multifamily property for 10 time the rent roll.
TODAY’S DEALS: GDC Breaks Ground on Luxury Rental in Orlando
GDC breaks ground on a six-story luxury rental development; Baron Properties picks up a 380-asset in Houston; and HFF closes on the $39.3 million sale of an East Orange, N.J. apartment property to SDK Apartments.
TODAY’S DEALS: Ares Commercial Co-Originates $50.5M Acquisition Loan
Ares Commercial co-originates an acquisition loan; Ariel Property Advisors sells six buildings in Manhattan and the Bronx; and NorthMarq Capital funds a $13.7 million Freddie Mac financing at 80 percent of purchase price.
Make Your Next Kitchen Hands-Free with Moen
Clean hands and a clean sink are a must for any aspiring apartment chef. A hands-free sink not only simplifies the prepping process by reducing the chances of spreading food borne illness, but it also becomes a fun piece of technology that can help your building save some water.
TODAY’S DEALS: St. Anton Partners Lands $52M in Construction Financing
U.S. Bank provides $52M for a San Jose development; Boston Capital provides financing for two affordable communities; and NorthMarq Capital arranges a $17.7M mortgage.
TODAY’S DEALS: Colliers Brokers Georgia Sale
Colliers brokers a 296-unit sale; NorthMarq completes $20.5M in acquisition financing; and Related Group buys a Miami development site for $18.5 million.