Cities
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.
Bosa Development to Sell 350 Residences at Insignia Development in Seattle
Residences in the Northwest’s largest condo development, Insignia, are now on the market after Bosa Development kicked off the sales for its first 350 units to potential buyers from its Sales Center in Seattle last weekend.
Wood Partners Begins Construction on Fourth Multifamily Project in Los Angeles County
Wood Partners has broken ground on its 300,000-square-foot Alta South Bay community, marking the company’s fourth multifamily project in Los Angeles County.
The Lightstone Group’s Gantry Park Landing More Than 50 Percent Leased
New York-based aptsandlofts.com has leased more than 50 percent of The Lighthouse Group’s Gantry Park Landing community, which has been on the market for a little more than 10 weeks.
53 Broadway Thriving in Brooklyn’s South Williamsburg Neighborhood
New York developer Adam America, in partnership with The Horizon Group, is reveling in the success of its new 53 Broadway community in Brooklyn’s South Williamsburg neighborhood after nearly two-thirds of the building’s apartments were leased in its first three weeks on the market.
Bernards Kicks Off Construction on Glendale Mixed-Use Project
Los Angeles-based commercial builder Bernards has started construction on a 315,391-square-foot mixed-use project in Glendale, Calif., that will take aim at the Gen-Y cohort of renters.
Sustainable Mixed-Use Building Nearly Complete in Brooklyn’s Brighton Beach Neighborhood
Construction is nearly complete on Bright ‘n Green’s fully-sustainable, six-unit, mixed use community in Brooklyn’s Brighton Beach neighborhood.
Canyon Multifamily Impact Fund Acquires its First Community
Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.
Carroll Organization Acquires Lakeview Lofts in Houston
Carroll Organization has finalized the purchase of Lakeview Lofts in the Bear Creek/Copperfield submarket of Houston, bringing the company’s 2013 multifamily acquisition totals to more than $700 million.
Berkeley Point Executes $325M in Refinancing for The Gateway in San Francisco
Berkeley Point Capital, along with Freddie Mac, recently closed on the largest single-asset loan in its company history. The 10-year, $325 million refinance loan for The Gateway, a 7.74 acre San Francisco property, was locked-in at a fixed rate of 3.38 percent and is a full-term, interest-only loan.