Finance & Investment
Madison Realty Capital Provides First Mortgage Loan for 72nd St. Conversion in Manhattan
The five-story Vanderbilt Mansion is ready for redevelopment into a 7-story, 18,412-square-foot property encompassing three luxury condominium units.
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.