Finance & Investment
Capital One Provides $118M Construction Loan for Yonkers Apartments
Consisting of more than 567,000 square feet, Larkin Plaza will offer 439 luxury apartment units, including 17 affordable units, divided between 25- and 17-story residential buildings.
Robbins Electra, RSE Capital Expand Florida Portfolios
The joint venture plans to invest $200 million in value-add properties in central and north Florida over the next 12 months.
LandSouth Begins Construction on $20M Senior Community
The general contractor started work on American House, a $20 million project in the City of Palms, Fla.
NHPF Grabs Historic Hotel Covent in Chicago
The deal marks the organization’s second SRO mixed-use asset acquisition in the Windy City.
KIG Closes $19M Sale On Vintage Building in Chicago
The 160-unit property offers a mix of studio and one-bedroom floorplans, as well as 10,000 square feet of retail space.
Champion Lands Value-Add Community in LA’s Koreatown
The company acquired The Bard Apartments, a 30-unit multifamily property, and is now planning to renovate the building.
Fath Properties Obtains $125M Refi for 10-Property Portfolio in Ohio and Texas
Six of the refinanced properties are in the greater Cincinnati/Dayton marketplace and contain 2,065 units. The remaining four properties are located in Texas and consist of 1,273 units.
On the Market: 5 Interesting Listings for the Week of 12/5
This week’s listings include a Mediterranean-style town home community and an Indianapolis property located on a 60-acre lake.
SPNA Acquires Second Deconversion Property in Chicago
The 133 units were converted to condos in 2005, but they will now go back to their initial use as rentals.
Kennedy Wilson Acquires $363M Assets
Kennedy Wilson added a 408-unit, a 331-unit and a 1,008-unit apartment community to its growing portfolio.