TODAY’S DEALS: IPA Arranges $21.7M Connecticut Sale
IPA arranges a 188-unit sale; and Beech Street Capital closes a $25 million Fannie Mae loan for a Philadelphia community.
TODAY’S DEALS: Campus Crest Completes the Purchase of Two JV Properties
Campus Crest Communities acquires a full interest in two joint venture properties; Marcus & Millichap lists a luxury rental in Valdosta, Ga.; and George Smith Partners arranges $15.2 million in debt and equity financing for a Denver high-rise.
TODAY’S DEALS: Home Properties Buys Maryland Asset for $186M
Home Properties buys a 1,350-unit asset; a 42-unit property trades for $4.9 million in Oakland, Calif.; and Red Mortgage provides $21.2 million in financing to the first 221(d)(4) FHA loan to benefit from North Carolina’s Brownfields Agreement.
TODAY’S DEALS: Walker & Dunlop Funds $32.2M Freddie Mac Loan
Walker & Dunlop refinances a 330-unit asset; a Texas property is refinanced by Beech Street Capital; and an Archstone, FUTURA joint venture breaks ground on a new development in Florida.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.
Nest Thermostat Learns User Habits and Cools Accordingly
The Nest Learning Thermostat is not your parent’s programmable thermostat. The unit will learn a resident’s schedule within a week and begin to automatically turn down heating or cooling when they are away.
TODAY’S DEALS: Walker & Dunlop Closes $27.5M Refinance
Walker & Dunlop lands $27.5 million in financing; Wood Partners and Love Funding close on a $26.8 million construction loan; and Alliant Capital completes an $8.1 million refinance loan carrying 3.21 percent interest.
TODAY’S DEALS: IPA Lands Listing Rights for Long Beach Asset
IPA lists a 206-unit property; NorthMarq Capital arranges a $21.1 million construction/perm loan and $10.2 million in joint venture financing for Dallas property; and Hudson Realty Capital funds a $6 million construction loan in Brooklyn, N.Y.
TODAY’S DEALS: Manhattan Luxury Asset Trades for $280M
Equity Residential acquires The Beatrice in Manhattan for $280 million; Pierce Education refinances a 792-bed asset in Oklahoma; and Berkeley Point Capital provides a Freddie Mac CME five-year, interest-only, adjustable-rate mortgage.
MHN Property Tour: Sky View Parc
Helen Lee, a director at Onex Real Estate Partners, takes MHN on a tour of Sky View Parc. The unique luxury condo development sits in the heart of downtown Flushing, N.Y., atop 800,000-square-feet of new retail. The amenity package is focused around a four-acre rooftop garden with playground, basketball court, putting green and lighted tennis courts.