Cities
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.
New Seniors Community Touts Accessible Social Media
Senior housing and health care property REIT LTC Properties has announced the opening of the $9.8 million Chelsea Place, a 48-unit memory care community in Aurora, Colo.
TODAY’S DEALS: Waterton Grabs 236-Unit High-Rise in Atlanta
Waterton Associates expands in Atlanta; Roxbury Ventures completes a $3.9 million sale in West Hollywood; and BMC Capital provides a seven-year $1.739 million acquisition loan via a banking relationship.
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.