TODAY’S DEALS: Campus Crest Starts $82.5M of New Projects
Campus Crest announces three projects; Grandbridge Real Estate Capital provides a $24 million first mortgage loan; and Essex Realty Group brokers the sale of a four-unit mixed-use property for $1.5 million.
TODAY’S DEALS: IPA Completes San Antonio Sale
IPA brokers a Texas sale; Steadfast Income REIT acquires a suburban Austin community for $18.4 million; and NorthMarq Capital arranges a $32.8 million, five-year, takeout loan with flexible prepayment requirements.
TODAY’S DEALS: Security Properties Acquires Two Seattle-Area Communities
Security Properties buys two communities; Beech Street Capital closes a $25 million Fannie Mae DUS loan; and KeyBank provides a bridge loan to meet a borrower’s aggressive time line, followed by a $67 million Fannie Mae mortgage to take out the loan.
TODAY’S DEALS: Archstone Begins First Asset in Berkeley
Archstone breaks ground in Berkeley, Calif.; Canyon Capital provides $27.4 million for a mixed-use project in Tampa; and Meridian Capital arranges a $15.9 million CMBS refinancing of a mixed-use portfolio.
TODAY’S DEALS: HFF Secures Acquisition Financing for Washington Asset
Cumberland Holdings lands acquisition financing; a 160-bed skilled nursing facility trades for $8.2 million in Georgia; and NAI Hunneman’s investment sale group brokers a $1.7 million sale in Taunton, Mass.
TODAY’S DEALS: 52-Story Condo Breaks Ground in San Fran
Principal, Urban Pacific begin a phase II condo project; Marcus & Millichap sells a 212-unit asset near Houston; and Walker & Dunlop closes on a $5.6 million loan.
TODAY’S DEALS: Pollack Shores Completes $23.6M Purchase in Orlando
Pollack Shores buys a 396-unit asset; Passco Companies acquires a property in Alabama; and Centerline Capital closes $46.7 million in loans for one borrower simultaneously.
TODAY’S DEALS: HFF Closes Sale of $130M Loan
HFF sells a loan secured by a Charlotte asset; MG Properties buys two California communities; and The Community Development Trust and LINC Housing Corp. form a joint venture to purchase a 60-unit asset in California.
TODAY’S DEALS: Trammel Crow Starts Second Phase of Austin TOD
Trammel Crow begins a 246-unit asset; The Morgan Group breaks ground on a project in Jacksonville, Fla.; and NorthMarq Capital arranges a $35 million payoff of tax-exempt bonds.
TODAY’S DEALS: $45M Workforce Housing Community Opens in Florida
A 300-unit workforce housing project opens strong in Florida; HFF secures a $47.8 million three-year ARM through bank; and Newmark Grubb Knight Frank closes a $3.4 million bank-owned sale.