Condo
TODAY'S DEALS: Kennedy Wilson Lands Bay Area Asset
Kennedy Wilson acquires a 544-unit asset in the Bay Area; Marcus & Millichap arrange a 152-unit Class A sale in central Texas; and the Bruckal Group acquires a condo conversion in Tempe, Ariz.
Former Atlanta Condo Building Begins Life as a Rental Property
Once upon a time, condo conversion meant taking a rental property and selling off the units piecemeal. More recently, conversion has gone the other way: condos that never sold because of the recession are becoming rental units.
DelShah Buys $11M Debt on Manhattan Condo Building
DelShah Capital has bought the $11 million first mortgage on 11 East 36th Street in Manhattan from First Central Savings Bank.
Long Island City's Murano Attains Sales Milestone
The Murano, a luxury condominium located in Long Island City, N.Y., is already 80 percent sold.
Nashville Condo Market Perks Up
Written off as comatose as little as a year ago, Nashville’s condo market has shown signs of life recently, with the overhanging inventory of developer-owned (and lender-owned) units finally burning off.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
TODAY'S DEALS: KBS REIT Acquires 255-Unit Asset Outside Baltimore
KBS Legacy Partners Apartment REIT buys a Maryland asset; Strategic Capital Partners acquires a community in Oklahoma City; and NAI Hunneman brokers the $2.7 million sale of a 100 percent-occupied building.
Englewood, N.J., Condo Project Completed
The Pinnacle Cos. has completed work on The M at Englewood South, a condominium project in Bergen County.
Redesign of The Martin in Las Vegas Coming Up Aces
The $3 million redesign of The Martin, a residential tower near the Strip, has helped create a new niche in the Las Vegas luxury high-rise residential market.