Cities
TODAY’S DEALS: HFF Secures $46.73M 30-Year, Fixed-Rate Permanent Loan from M&T Bank
HFF announces it has secured $46.73 million in financing for the recently completed The Trails at Timberline; and BMC Capital provides a $4.8 million loan for a Houston property.
Joint Venture Breaks Ground on Phase One of DC Community
MRP Realty and Florida Rock Properties celebrated the official groundbreaking of Phase One of the mixed-use Riverfront development.
TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan
Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.
Condos to Replace Deserted Office Building
A new luxury condominium tower could replace a vacant office building located at 171 Tremont Street in Boston’s Midtown Cultural District.
Marcus & Millichap Closes Two M-F Sales Totaling 106 Units
Brokerage firm Marcus & Millichap recently arranged the sale of two multifamily properties in the city of Minneapolis, totaling close to $10.5 million.
TODAY’S DEALS: Berkshire Group Cashes in with Portland Sale
ARA brokers a 123-unit Portland sale; GoldOller nabs 843 units in Houston; and GFI Realty arranges the sale of a walk-up building for $250,000 per unit in Queens, N.Y.
Lincoln Property Company to Manage Parkwood Point Office Building
Lincoln Property Company Southeast has won the exclusive leasing and management assignment for Parkwood Point, the company announced in a news release. The nine-story office building at 2018 Powers Ferry Road is owned by AEW Capital Management.
University of Chicago Unveils Plans for Obama Presidential Library
The University of Chicago has finally revealed plans for the Barack Obama Presidential Library.
District Picks Redbrick LMD-Gragg Cardona Team as Master Developer for Phase 1 of St. Elizabeths East Campus
In one of his final acts as mayor of Washington, D.C., Vincent Gray has selected the team of Redbrick LMD and Gragg Cardona to redevelop the first phase of the historic St. Elizabeths East Campus. The selection represents an important step forward for a project which could help transform one of the poorest sections of the nation’s capital.
TODAY’S DEALS: Dwight Capital Funds $41.5M in HUD Loans
Dwight Capital closes out 2014 with a trio of HUD loans; a Canadian investment firm nabs a REO condo parcel in Illinois; and Meridian Capital arranges a five-year, $10.5 million acquisition loan for a Queens, N.Y., property.