Condo
DelShah to Take 22 Renwick to Completion
DelShah Capital LLC has acquired the mortgage debt at 22 Renwick St., a 19-unit condo property with one floor of commercial space.
Goldstar Closes on Fractured Condo Deal in Virginia
The Goldstar Group has acquired 265 rental condo flats and townhomes at Barracks West in Charlottesville, Va., for $13.3 million in an off-market sale.
TODAY’S DEALS: Archstone Partnerships Grabs 237-Unit D.C. Tower
Archstone buys a luxury tower; Greystone supplies a $45 million loan for affordable housing; and Prudential Mortgage Capital originates $10 million for the acquisition of a Florida condominium.
New Residential Condo Development Breaks Ground in Flourishing Luxury Real Estate Market
An affiliate of Ledcor Properties Inc., 26th Avenue River Investments Inc., has broken ground on a new luxury residential condo development in Calgary, Canada.
Glassy Condos Rising in Weehawken, N.J.
Ground has been broken for a new 74-unit condominium building on Weehawken’s Hudson River waterfront.
Chinese Developer Announces Residential and Commercial Developments in Two Very Different Markets
A Chinese development company has announced the beginning of works on two different real estate projects worth $35.3 million.
Designers: Share Your Projects with ASI ‘Power of Materials’ Contest
Innovative materials help create multifamily spaces that stand apart. Architectural Systems, Inc. (ASI) wants to showcase those properties on its website and is now accepting entries for its Power of Materials Contest. Enter your best and most recent project photos from global rental, condo and mixed-use properties and you could win an iPad. The contest ends September 7. Send high-resolution images along with your headshot and a description of the project along with an explanation of how ASI products met the design intent and helped support the client’s business objectives. Email materials to greddick@archsystems.com by September 7.
Condominiums to Open in NYC Woolworth Building
Alchemy Properties recently acquired a condominium interest in the top 30 floors of the Landmark Woolworth Building in Lower Manhattan. The company plans to create 40 residential units.
TODAY’S DEALS: 52-Story Condo Breaks Ground in San Fran
Principal, Urban Pacific begin a phase II condo project; Marcus & Millichap sells a 212-unit asset near Houston; and Walker & Dunlop closes on a $5.6 million loan.
Purchase of 71 Laight St. to Result in Luxury Condo Development
With the purchase of the landmarked 71 Laight St. by real estate firm Taconic Investment Partners and certain funds managed by Oaktree Capital Management, plans are underway to incorporate the existing building into a newly built luxury, loft-style condominium to open in 2014.