Cities
TODAY’S DEALS: Greysteel Refinances D.C. Portfolio
The Greysteel Co. arranges a $21.5 million portfolio refinance via a conduit lender; Northland acquires its 21st property in Florida; and Eastern Union and Investors Bank facilitate $22.5 million for the purchase of a Bronx, N.Y., landmark.
Grand Opening Announced for The Heights Linden Square
Doors have officially opened at The Heights Linden Square, a luxury mixed-use development in Gladstone, Miss.
Peak Campus Expands Portfolio with More Than 1,000 Beds
Peak Campus was named manager of two properties totaling over 1,000 beds in Lawrence, Kan., and Conway, Ark.,s by Collegium Capital Partners.
Luxury Rental Community in Downtown Waltham Starts Leasing
Downtown Waltham gears up in anticipation as the initial phase of the first apartment community constructed in Waltham in decades is nearing completion.
LeFrak Celebrates Major Milestone in Ongoing Capital Improvement Program
The West Courtyard facility, located at the corner of Junction Boulevard and 57th Ave. in New York, is officially opened.
Pair of Multibillion-Dollar Projects Gets Formal Launch
By Adrian Maties, Associate Editor Maryland Day was marked this March 25 by milestones for two projects with a potentially significant impact on the state’s economy. In Lusby, a groundbreaking ceremony formally launched the $3.8 billion expansion of the Cove Point liquefied natural gas facility, one of the largest investments in the state’s history. Gov. Larry Hogan and Ambassador Kenichiro Sasae of Japan joined Diane Leopold, president of Dominion Energy. The project will create 3,000 temporary construction jobs. Once complete, it will generate an additional $40 million in annual tax revenue to Calvert County, and, according to Hogan, could…
TODAY’S DEALS: Columbus Mixed-Use Community Trades Hands
PCCP provides a high net-worth investor with an acquisition loan; Greysteel arranges a 57-unit sale in Texas; and Pillar originates $9.2 million for the acquisition of an affordable property.
Joint Venture Grabs 116-Unit Luxury Rental Community in Suburban Philadelphia
A luxury apartment complex in suburban Philadelphia was acquired by a joint venture between Los Angeles-based Lowe Enterprises and First Capital Advisors of Wheaton, Ill.
660-Unit Self-Storage Facility Planned for Suburban Chicago
Lake Forest, Ill.-based Metro Storage LLC has announced plans to convert a former warehouse in the village of Northbrook into a state-of-the-art self-storage facility.
Podcast: Oil and Apartments
Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN’s Mike Ratliff and Jack Kern aim to find out in this special edition research podcast.