Finance & Investment
HFF Secures $34M Loan for Denver Asset
Managing Director Josh Simon and Director Kristian Lichtenfels worked on behalf of the borrower to arrange the seven-year loan secured through Freddie Mac’s CME program.
As Interest Rates Rise, Where Do Valuations and Transaction Volumes Go?
Despite increasing capital costs, investment activity remains strong and growing in some secondary and tertiary markets, as investors reach further outside their traditional comfort zones to secure yield.
Hillcrest, Pathfinder Complete CO Senior Housing Renovations
The joint venture partners renovated and rebranded the Aurora community, converting four apartments into a clubhouse and cardroom.
JLL Brokers Sale of San Antonio Community
Achieve Investment Group’s Villa de Oro is located in the southwestern part of the city and includes 150 units, a clubhouse, a playground and a spa.
HFF Provides $20M Financing for Manhattan Condo Project
Working on behalf of the developer, privately owned real estate company Ekstein Development Group, the HFF team placed the floating-rate construction loan with S3 Capital Partners.
JV Secures Financing for Manhattan Luxury Condos
Delancey Street Associates, a joint venture including BFC Partners, L+M Development Partners, Taconic Investment Partners and Goldman Sachs, is developing 202 Broome at Essex Crossing, which will include 83 units and retail and office space. Construction is expected to be complete in 2021.
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
Manhattan Condo Project Secures $72M
Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space.
HFF Arranges $133M Financing for 3 Bay Area Communities
The portfolio consists of the 158-unit Russell, the 70-unit Quimby and the 108-unit Field House, all in San Mateo.
LA Community Sells for $24M
HFF brokered the sale of Infinity West, a 43-unit property located in West Hollywood, on behalf of the seller, Bolour Associates.