Cities
PROFILE: Corporate Housing Firm Connects Luxury Condo Owners to Extended-Stay Market in New York City
Companies today are eager to hire temporary workers. And that is a boon for the corporate housing sector, says Suzanne Miller, president of Empire State Properties.
Owner of La Posada Purchases La Castaneda Hotel
Some rescue animals, other choose to rescue pieces of history. One such person is Allan Affeldt, famous for the spectacular renovation of one of the historic Harvey House hotels – La Posada in Arizona; recently he announced the sale closing of historic Castaneda Hotel, another gem built by renowned immigrant Fred Harvey.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal
The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.’s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area.
MIG Buys Denver-Area Apartments
MIG Real Estate acquires Copper Terrace Apartments, a 168-unit multifamily property in the Denver suburb of Centennial.
Behringer Harvard Begins Luxury Apartments in Atlanta’s Buckhead
Behringer Harvard and Atlantic Realty Partners begin Cyan, a 23-story apartment tower in Atlanta’s Buckhead submarket.
Raleigh Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Raleigh-Durham apartment market fundamentals in this edition of our market research podcast hosted by senior associate editor Mike Ratliff.
MHN Interview: Peter Febo of Taconic Investment Partners
MHN catches up with Taconic Investment Partners’ Peter Febo — who was recently promoted to the newly created COO spot — about the company’s growth and development pipeline.
Sherwood Equities Debuts First-Ever Manhattan Ground-Up Sales Gallery
Sherwood Equities has boldly gone where no other Manhattan developer has ventured before, unveiling the first-ever, ground-up-construction, free-standing, Manhattan sales gallery.