Cities
TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M
Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston.
New Partnership Investing $20M in Affordable Housing in California
The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.
TODAY’S DEALS: Greystar Adds Boston Area Asset to Portfolio
CBRE/New England brokers a sale outside Boston; NGKF provides AION Partners with Florida financing; and a joint venture between Bascom and Oaktree buys an apartment community in Nevada.
Brian Kelley: Investcorp’s Acquisition Strategy
Investcorp, a Bahrain-listed alternative investment fund, has recently expanded its U.S. residential portfolio with the acquisition of four properties in the metropolitan areas of Washington, D.C., Orlando, San Diego and Baltimore. The purchase price was approximately $300 million.
Pittsburgh Prepares for Civic Arena Redevelopment
City, county and state dignitaries marked the official construction start of the road and utility work at the site of the now-demolished Civic Arena in the city’s Lower Hill District.
PK Partners, Gene B. Glick Unveil $40M Apartment and Office Community in Indianapolis
A new residential and office development will soon rise on the northern section of River Crossing Boulevard in Indianapolis.
Detroit Getting First Luxury Apartment Building in 25 Years
Downtown Detroit will soon see its first brand-new, mixed-use luxury apartment development in more than 25 years.
Rare Units in Brooklyn Building Selling Quickly
A full-service luxury condominium building nestled in the heart of Brooklyn’s historic Carroll Gardens neighborhood is almost at capacity—before the doors even open.
TODAY’S DEALS: Queens Apartment Trades Hands
A ‘Quooklyn’ asset trades for $21 million; Marcus & Millichap brokers the sale of a fractured condo in Tampa; and Red Capital provides an $8.8 million balance-sheet loan for the construction of a memory-care project.