Deals
Community in Colorado Springs Sells for $13M, Following High Investor Competition
The property was sold above the asking price to a private investor from California.
New $13M Condo Project Planned in Cleveland
Local investors are planning the construction of Quattro, a 26-unit condominium building in the Little Italy neighborhood.
SL Green, BlackRock Form JV for $170M Manhattan Property
SL Green sold a 49 percent stake in 400 East 57th St., to BlackRock’s real assets arm, with plans to upgrade the property.
Better Homes Adds Nevada Firm to Franchise Network
The newly named Better Homes and Gardens Real Estate Universal will be led by broker/owner Scott Beaudry.
Griffis Residential Buys Metro Seattle Apartments
The property last changed hands in 2013 for $88 million, or roughly $168,000 per unit.
Bluerock Residential Scores $68M Atlanta Community
The Nevadan Apartments are located the heart of Central Perimeter in Sandy Springs, Atlanta’s largest office market and the future home of Mercedes-Benz’s U.S. headquarters.
ARA Newmark Brokers Sale of SC Student Housing Facility
Holder Properties sold Aspyre at Assembly Station to an out-of-state investor for $56 million.
AIG Global Taps Franklin Johnston to Manage 11 Properties
The Virginia and North Carolina properties add 1,174 units to Franklin’s management portfolio.
PointOne Holdings Buys Tennessee Community for $31M
The company plans to invest $650,000 in capital improvements in its first acquisition in the Chattanooga market.
Greystone Preserves Affordable Housing in $130M Deal
The firm secured the financing needed to acquire and rehabilitate 1,058 at-risk affordable housing units in Florida.