Finance & Investment
Inland Purchases Two Colorado Communities
Both properties were 97 percent leased at the time of the acquisition.
Funding for First Zero-Net Energy, LGBT-Friendly Senior Housing
Lavender Courtyard received nearly $3 million from the Sacramento City Council.
Hunt Mortgage Group Closes $11M Refi Loan for Texas City 304-Unit Community
The 304-unit Lakeview Apartments community received $11 million in refinancing facilitated by Hunt Mortgage Group.
George Smith Partners Snags $30M For L.A. Development
The investment banking firm secured $30 million in bridge financing for 3.5 acres of land for multifamily development and a 68,834-square-foot office building in Hollywood, Calif.
CBRE/New England Arranges Financing for 252-Unit Property Near Boston
The 252-unit Cabot Crossing, owned by Taurus Investment Holdings and PhilMor Real Estate Investments, was built in 1986 and last traded hands mid-2013 for $20.25 million.
Preiss Acquires 546-Bed Student Housing Community in North Carolina
Campus Edge was acquired by Raleigh-based The Preiss Co. in joint venture with a private investment group.
On the Market: This Week’s 5 Most Interesting CRE Listings
Check out this week’s most interesting CRE listings across the country.
Berkadia Closes $10M Financing for 223-Unit Knoxville Community
The acquisition and complete renovation of The Element at Cedar Bluff was facilitated by a $10.1 million loan from Berkadia.
Greystone Development Acquires Sag Harbor Property
The waterfront property will be included in the planned 11 residences designed by renowned architect Robert A.M. Stern.
Moinian Group Builds up Manhattan’s Far West Side
The Moinian Group continues its long-term investment in Manhattan’s Hell’s Kitchen with a 165-unit residential project at 572 11th Ave. and a Class A office tower in the Hudson Yards district.