Business Specialties
Brooklyn Community Lands $92M
Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.
Avanath Closes $388M Investment Funds
Avanath Affordable Housing III and Avanath III NY Co-Investment are two of the largest funds in the U.S. dedicated to affordable housing.
Jonathan Rose, Columbia to Complete $18M Atlanta Redevelopment
Plans include adding more ADA-accessible units, new gutters and roofing, and repaving walkways and roads, as well as adding amenities.
St. Petersburg Community Receives $24M Refi
The 212-unit community received refinancing proceeds through Freddie Mac’s green lending program. Berkadia arranged the loan on behalf of the borrower.
Alamo Heights Property Changes Hands
The deal brings Jevan’s multifamily portfolio to 18 properties, six of which are in San Antonio. The newly acquired community will be subjected to a significant renovation.
World’s Tallest Residential Building Nabs $1.1B Financing
Upon its completion in 2020, Extell Development Co.’s Central Park Tower will be one of the supertall structures located along the luxurious Billionaires’ Row in Manhattan.
National Asset Services Increases Presence in OH
The company has expanded its nationwide property management portfolio with the addition of 189 condo and apartment units outside Columbus.
Foxford Kicks Off IL Condo Construction
Located in Western Springs, the transit-oriented development will include 28 units, and each include a parking spot in the community’s heated garage.
Boston Community Commands Record-Breaking Price
CLPF Residences at Seaport has acquired Watermark Seaport from Skanska and Twining Properties for $60 million. The deal represents the highest price paid per unit for a multifamily project in the city.
Development Predictions for 2018
Since coming aboard as managing director of Transwestern Development Company in 2013, Mark Culwell has provided oversight in the execution of the development plan for approved projects. MHN speaks to the executive about what he expects this year.