Cities
TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million
Marcus & Millichap sells two communities in Florida; Transwestern brokers a 210-unit sale in Colorado Springs; and Capital One Multifamily Finance closes a $19.5 million Fannie Mae loan.
Insights on the Transformation of Detroit
For many American cities, the end of 2007 marked the bitter start of what now experts call “The Great Recession.” Among them, Detroit. But the ghost-like Detroit turned out to be a tremendous opportunity for real estate investors, and one of them has become a sort of local superhero.
TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development
Canyon Capital Realty Advisors has provided $123.6 million for a 57-story luxury residential condominium development in the heart of Miami’s Financial District; and NorthMarq Capital’s Seattle office finalizes two multifamily transactions totaling $52.709 million.
TODAY’S DEALS: Atlas Residential Completes Largest Orlando Apartment Acquisition Year-to-Date
CBRE brokers the largest transaction in Orlando for 2014; ARA closes the sale of a luxury community in Palm Beach County to a joint venture between AIMS Real Estate and Carroll Organization; and Cohen Financial secures $12.6 million in joint venture equity for a Florida development.
TODAY’S DEALS: Hamilton Zanze Closes Banner September with $170M in Transactions
Hamilton Zanze closes a record-breaking September; Bascom and Carlyle Realty acquire a two-property value-add portfolio in Las Vegas; and a historic downtown Cleveland high rise changes hands.
TODAY’S DEALS: Forest City Buys Out Equity Partner in Modular Brooklyn High-Rise
Forest City buys out its equity partner in a modular Brooklyn high-rise amid a construction dispute; Ivanhoé Cambridge partners with Black Creek on a Mexico City development; and NorthMarq Capital completes a $15.75 million Freddie Mac refinance with forward lock.
TODAY’S DEALS: Berkadia Secures $107M in Multi-Layered Financing for Portfolio of Las Vegas Properties
Berkadia Commercial Mortgage arranges $102.9 million in financing for Angelo, Gordon & Co. and Interwest; Gelt Inc. wraps up its first purchase in Utah; and Wells Fargo provides $26 million for a mixed-use development in Raleigh, N.C.
TODAY’S DEALS: Forum Sells Denver Apartment, Achieves Record Price Per Square Foot
ARA brokers Forum Real Estate Sale of a 57-unit apartment in Denver; Titan SenQuest grabs a seniors housing community in Grand Rapids; and Meridian Capital Group arranges a $2.3 million loan with a below-market interest rate.
Growth Markets for 2015: Upstate New York
Secondary cities in the South and Northwest grab the headlines, but upstate New York is beginning to be recognized for stable recovery and urban reinvention.