Finance & Investment
Miami Beach Condo Project Receives $137M Loan
Kasowitz Benson Torres’ Douglas Heitner, Erik Nygaard and Albert Delgado represented JDS Development Group in the transaction. Jerold Feuerstein of Kriss & Feuerstein worked on behalf of the borrower, Madison Realty Capital.
Greystone Provides $29M for Sacramento Acquisition
Carmel Pointe is a 332-unit garden-style community that includes a dog park, spa and five laundry rooms.
Investor Buys Chicago Condos, Plans Conversion
Beal Properties acquired the 117-unit asset for $30 million from Wellington Place Condominium Association.
Cresta Properties Lands Refi for Dallas Community
The 144-unit property, constructed in 1963, offers a range of studios, one- and two-bedroom units in the city’s West Vickery Park submarket.
Canadian Investor Acquires Phoenix-Area Property
Western Wealth Capital secured the 256-unit Greentree Place in Chandler from GP Chandler Investco. The community includes a pool, a playground and a tennis court.
Palo Alto Community Changes Hands
Levin Johnston has brokered the sale of the property on behalf of the seller, an international owner and represented the buyer, a local investor.
Greysteel Secures $9M Refi for LA Community
The company arranged the loan for Appletree Village Apartments, a 125-unit affordable housing community located in North Hills, Calif.
SR Apartments Sells Orlando Asset for $17M
CaSienna Apartments was built between 1972 and 1973 and includes 160 units. Franklin Street arranged the transaction.
South FL Condo Project Lands $17M Loan
The proceeds of the mortgage will finance construction of the luxury community. Site work is underway, with the property scheduled to open by the end of 2018.
Tishman Speyer Secures $381M for Brooklyn Condos
Featuring more than 480 luxury units and 55,000 square feet of indoor and outdoor amenity space, 11 Hoyt will border both downtown Brooklyn and brownstone Brooklyn.