Business Specialties
Manhattan Conversion Project Lands $130M
Eastern Consolidated arranged the construction loan on behalf of Delshah Capital for its adaptive reuse project, which will transform a medical facility into a luxury community in Morningside Heights.
HFF Arranges NJ Sale
Friedkin Realty Group purchased The Highlands at Cherry Hill Apartments. The 170-unit luxury multifamily property is 16 years old and 97 percent leased.
Berkadia Facilitates $52M Loan for VA Luxury Project
The upcoming 450-unit luxury community will be situated in Fredericksburg, Va., along Jefferson Davis Highway. The Breeden Co. estimates a total investment of $85.5 million.
Berkadia Secures Refi for 384-Unit Community
Berkadia lined up a seven-year, fixed-rate Fannie Mae loan to refinance the Mansions at Timberland, a 384-unit multifamily property in Fort Worth, Texas.
CA Quartet Scores $146M Financing
Watermarke Properties’ communities, totaling 930 units, are located in Orange County, Corona and Fair Oaks. HFF secured four separate 10-year, fixed-rate securitized loans with Freddie Mac’s CME Program.
$125M Luxury Tower Coming to Ft. Lauderdale
Developed by a partnership between Silverback Development and Bizzi & Partners, New River Central will feature 401 apartments. The joint venture expects to break ground in late 2018.
AMAC Lands Manhattan Property for $59M
The company plans to make upgrades to the mixed-use community, which includes 83 units and seven retail spaces.
2018’s Best Smart Home Devices
User-friendly, easy to set up and compatible with various hardware: These are some of the qualities to expect from the year’s top offerings.
Related Debuts, Breaks Ground on Luxury FL Communities
Expanding its Icon brand in Central Florida, the company unveiled Icon Harbour Island in Tampa and started construction on Icon Central in St. Petersburg.
IEC Buys CA Workforce Housing for $134M
Surf at 39, a 400-unit property in Huntington Beach, was built in 1972 and includes two swimming pools with spas, a business center and a dog park.