Cities
TODAY’S DEALS: Charles Dunn Sale Breaks Per Unit Price in LA’s Faircrest Heights
A 17-unit asset sets a per unit price record in an L.A. neighborhood; Meridian Capital arranges $21.7 million in financing for Pantzer’s acquisition of a Philadelphia property; and the Collier Companies buys a Tampa apartment with plans for a student housing redevelopment.
TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M
Centerline Capital Group provides a $23.5 million Fannie Mae credit facility to refinance a six-property multifamily portfolio; and ARA brokers the $39 million sale of a property located next to Northern Colorado’s largest employment center.
TODAY’S DEALS: Carroll Organization Completes 15th Florida Buy Since April 2013
Carroll Organization completes a 320-unit acquisition; BMC Capital provides $1.1 million to refinance a Houston community; and NorthMarq Capital arranges a $2.85 million refinance of apartments in Queens, N.Y.
Lash Group Plans to Locate New, 250,000-Sq.-Ft., Headquarters in Charlotte Metro
AmerisourceBergen Corporation subsidiary Lash Group, Inc. has announced plans to develop a new national headquarters to accommodate rapid growth and consolidate operations currently divided into several locations.
TODAY’S DEALS: Joint Venture Sells 222-Unit Apartment Community in Georgia
The Carroll Organization and Lubert-Adler Real Estate sell a luxury asset in Georgia; Resource Real Estate Opportunity REIT nets $2.9 million in profits in a Tampa student-housing sale; and Marcus & Millichap arranges the $3.9 million sale of a boutique student-housing property near USC.
TODAY’S DEALS: Greystar Closes on $800M Value-Add Multifamily Acquisition Fund
Greystar Real Estate Partners announces the final close of a discretionary commingled fund; and NorthMarq arranges $34.4M refinance with five-year I/O.
Washington, D.C., Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s Research Editor Jack Kern discuss Washington, D.C., apartment market fundamentals in this edition of our market research podcast hosted by Senior Associate Editor Mike Ratliff.
TODAY’S DEALS: Newly Built San Antonio Property Trades Hands
The NPR Group sells a 300-unit asset in Houston to Pensam Capital; Carroll Organization and The Carlyle Group complete a Houston apartment disposition; and GFI fetches $175k per unit for a 53-unit apartment building in the Bronx, N.Y.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center
Mandalay Bay Resort and Casino has announced plans to expand its Convention Center in a bid to answer the growing demand for meeting space in the city of Las Vegas. Announced plans for the facility would bring the total amount of available convention space at Mandalay Bay to over two million square feet. The cost of the new developments will cost an estimated $66 million.