Condo
Constructions Begins on 400 Grove in SF’s Hayes Valley
DDG and DM Development have announced the groundbreaking of the 34-unit, 400 Grove in San Francisco’s Hayes Valley neighborhood. The building will be the development team’s second of three that are planned for Hayes Valley.
TODAY’S DEALS: Cohen Financial Secures $27.7M Construction Loan Miami Condo
Cohen Financial provides a construction loan to a nearly sold out Miami condo; Morgan Properties and Core Properties acquire a 500-unit portfolio in Maryland; and NorthMarq Capital’s Denver office executes two loans totaling $33.12 million.
TODAY’S DEALS: Cassidy Turley Arranges JBG’s $222M Sale of Newly Constructed Multifamily Properties
Cassidy Turley announced that it represented The JBG Cos. in the sale of the newly completed Sedona and Slate, located in Arlington, Va.; Cushman & Wakefield arranges the sale of 163 condos in Florida; and Arc Capital acquires a 139-unit apartment community in Austin.
TODAY’S DEALS: Winthrop Acquires Four Class A Assets for $246M
Winthrop Realty Trust buys 761 units; TruAmerica buys a California community for $81 million; and Grandbridge arranges $26.5 million in financing for two California properties.
Amenitize Your Shower with VOLA Round
Sometimes it is simple form that yields elegance. That is certainly the case with VOLA’s first ever round-head shower that is part of the VOLA Round range.
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.
Related Cos. Kicks Off Condo Sales at NYC Multifamily Tower
Related Sales, a division of Related Cos., has started offering the condo units at One Madison, a 53-unit tower overlooking Madison Square Park in Manhattan. At 60 stories, the slender glass tower offers views of the city and its surrounding waterways.
Naftali Group Acquires Large Block of Buildings in Chelsea for $20.1M
The Naftali Group has acquired five contiguous buildings in the Chelsea submarket, located at 261-267 West 25th St., for a total cost of $20.1 million. The company plans to demolish the entire existing structures to develop a 12-story luxury residential condominium containing 108,393 square feet.
New Condos Planned for Miami’s Brickell District
The Rilea Group has unveiled plans and started marketing efforts for the Bond at 1080 Brickell, a new 323-unit condo tower in the Brickell Financial District. Construction of the 44-story tower is set to begin in late 2013, with completion scheduled for mid-2015.
I.M. Pei Turns 96; His N.Y. Condo Project is 80 Percent Occupied
I.M. Pei, the noted Chinese-American architect and oldest living Pritzker Prize winner, turns 96 today. His only condominium project, The Centurion in New York City, is currently 80 percent sold.