Cities
Sustainable Mixed-Use Building Nearly Complete in Brooklyn’s Brighton Beach Neighborhood
Construction is nearly complete on Bright ‘n Green’s fully-sustainable, six-unit, mixed use community in Brooklyn’s Brighton Beach neighborhood.
Canyon Multifamily Impact Fund Acquires its First Community
Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.
Carroll Organization Acquires Lakeview Lofts in Houston
Carroll Organization has finalized the purchase of Lakeview Lofts in the Bear Creek/Copperfield submarket of Houston, bringing the company’s 2013 multifamily acquisition totals to more than $700 million.
Berkeley Point Executes $325M in Refinancing for The Gateway in San Francisco
Berkeley Point Capital, along with Freddie Mac, recently closed on the largest single-asset loan in its company history. The 10-year, $325 million refinance loan for The Gateway, a 7.74 acre San Francisco property, was locked-in at a fixed rate of 3.38 percent and is a full-term, interest-only loan.
TODAY’S DEALS: HFF Arranges $33.05M Sale on Behalf of Prime Residential
HFF announced that it has brokered the sale of The Artisan, a 434-unit, garden-style community in Denver; and Alliant Capital closes on a $1.2 million refinance.
Design Team Selected for The Paseo Del Norte/I-25 Interchange Reconstruction Project
A reconstruction project meant to reduce traffic congestion and improve safety and air quality has selected its design team. The corridor in question is the Paseo Del Norte/I-25 Interchange and has allocated $93 million – $75 million for the actual project and an additional $18 million for the preliminary design, acquisition of rights, and additional fees.
Crescent Communities Offers Larger Apartments in $40M Multifamily Development
Crescent Communities of Charlotte has announced plans to develop Crescent Main Street, a $40 million multifamily community in Durham’s Ninth Street district.
BRA OKs New Multifamily Projects from Corcoran Jennison, Trinity Financial
The Boston Redevelopment Authority (BRA) approved this week several real estate projects that, combined, will bring around 1,200 housing units across Boston.
The Verdance Condos Now for Sale
Verdance is the first major multifamily development of Marshall Durrett located in Austin’s historic Heritage District neighborhood, at 32nd Street and North Lamar Boulevard. The 16 condominium residences offer a comfortable mixture of sustainability and luxury, rated by Austin Energy Green Building Program.
Chicago Becomes First Top Tier City to Earn Certification as Sustainable Destination for Meetings and Events
The City of Chicago has become one of the first cities in the world and the only top-tier convention destination to-date to achieve certification as a sustainable destination for meetings and events. The announcement was made by Mayor Rahm Emanuel and Choose Chicago.