Cities
TODAY’S DEALS: Essex Drops $200M in L.A.
Wood Partners breaks a L.A. price-per-square-foot record; Grandbridge closes a $33.2 million acquisition loan in Texas; and a manufactured home community sells for $37,865 per space.
TODAY’S DEALS: Hamilton Zanze Finds Value in Austin
Tech growth draws Hamilton Zanze to Austin; Home Properties starts a New Jersey repositioning play; and Eastern Union Funding closes a “100 percent” construction loan for a Manhattan mixed-use development.
Renowned International Designer Launches First Miami Project
The man behind building for New York’s 1 percent has unveiled his first project in Miami.
TODAY’S DEALS: Vulcan Cashes Out in South Lake Union
Vulcan announces its third South Lake Union sale this month; Greystar and The Carlyle Group sell an Austin asset; and The Preiss Co. acquires student housing.
TODAY’S DEALS: Cherry Creek Apartments Trade for $67.9M
Brass Enterprises decides on Denver; Tampa multifamily trades sells for $21.8 million; and Railfield Realty buys in San Antonio.
TODAY’S DEALS: Vulcan Completes Another South Lake Union Sale
J.P. Morgan grabs a mixed-use asset from Vulcan; Gebroe-Hammer brokers the $36 million sale of a New Jersey asset; and Hunt Mortgage refinances two multifamily properties.
Another SkyHouse Joins The Houston Skyline
The SkyHouse development partnership has broken ground on SkyHouse Main.
TODAY’S DEALS: Stockbridge Makes a Statement in Seattle
Vulcan sells a LEED Gold property for $138.2 million in Seattle; Hunt provides $8.4 million for an Orlando acquisition; and Greystone closes the first Fannie Mae M-PIRE mortgage loan.
MHN Interview: Crossing Rivers to Chase Value
As rents in Manhattan and Brooklyn continue to rise, renters are chasing value across both the Hudson and East rivers. Lincoln Equities Group is looking to capture that demand.
UCSD Awards Big Contract for La Jolla Project
General contractor Rudolph and Sletten Inc. was recently awarded an important preliminary contract for the development of a medical facility for UC San Diego Health Services in La Jolla. The company is now set to start work on an outpatient pavilion, with the contract set at around $78 million, and expected to be booked during Q3 of this year. The facility that Rudolph and Sletten Inc. is set to construct will act as support for the Jacobs Medical Center.