Cities
On the Market: 5 Interesting CRE Listings for the Week of 5/16
This week’s CRE listings include colorful Arizona lofts and a LaGuardia Airport-adjacent property in Queens.
Steadfast Sets Record with $110M Tennessee Buy
The REIT’s purchase of the 724-unit Landings of Brentwood marks one of the largest acquisitions in the Nashville region.
Melody Towers Luxury Apartments Opens in Miami
Melo Group taps into pent-up demand for downtown rental living.
Five Star Senior Living Adds Senior Community to Management Portfolio
Morningside of Wilmington is the latest senior living asset added in Five Star Senior Living’s portfolio.
Preiss Acquires Two Student Housing Facilities in Raleigh
The Preiss Co. has partnered with a private investment group to acquire two Raleigh student housing properties totaling 668 beds.
Minneapolis Warehouse Reborn as The Cameron Apartments
SR Development has converted a 106-year-old warehouse into a 44-unit affordable community.
Baltimore-Area Apartments Get New Property Manager
ROSS will manage Towson Woods, a 168-unit apartment community in Towson, Md.
Soho Properties Lands $219M Financing for Trophy Condo Tower
A global consortium of lenders provided construction financing for 45 Park Place, a Tribeca tower to be designed by renowned architects.
Thor Equities Expands Its Uptown Portfolio with Another Multifamily Property
The 39-unit prewar residential property is located in the midst of three thriving districts and offers easy access to transportation.
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…