Condo
North Hollywood Apartments Sell for $74M
UBS Inc. has purchased NoHo-14, a 180-unit apartment complex in the North Hollywood Arts District of Los Angeles’ San Fernando Valley.
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….
Primera Terra, a Post-Recession Redesign Success
The design plan for Primera Terra was forced to change with the times, and now that change has gotten a major stamp of approval.
TODAY’S DEALS: Berkadia Lands $27M for San Jose Assets
Berkadia originates $27.2 million for two San Jose assets; A Brooklyn condo hits the 90 percent sold mark; and Hendricks & Partners brokers the sale of a property in California.
Florida Condo Sales, Prices Edge Up in Fourth Quarter
Florida Realtors reports that existing condo sales in the state were up 4 percent in the fourth quarter of 2011, compared with the same period a year earlier.
Florida Master Planned Communities Doing Well Despite Headwinds
Despite the difficult residential market in Florida, the top-selling U.S. master planned community in 2011 is in that state, according to a new study by John Burns Real Estate Consulting, as is the number-nine seller.
The River Crests Above Previous Sales Record in Calgary
The sale of a residence at the luxury condominium development The River has surpassed the previous high water marks for condo prices in the history of Calgary, Alberta.
New Brooklyn Residence 25 Percent Sold
Love Lane Mews, a condominium building in Brooklyn Heights, New York, has received its Final Certificate of Occupancy.
Serious Mortgage Delinquency Rate on the Downswing
Serious mortgage delinquencies for single-family homes and condominium units have been on a steady decline for the last 18 months.
MiMA Condos Go Rental
The Related Cos. is putting 151 more residences at its development MiMA on the market as rental apartments, instead of the condos they were planned as under the name One MiMA Tower.