Finance & Investment
NJ Affordable Housing Nabs $75M Refi
Love Funding provided the financing to the two properties.
Berkeley Point, ARA Newmark Team Up on $212M Portfolio Refi
The firms secured a seven-year, floating-rate loan from Freddie Mac to refinance a nine-property portfolio for their longtime client Steadfast Cos.
Extell, SMI USA to Develop $3B Residential Tower in NYC
The partnership will co-develop Central Park Tower on Billionaire’s Row, creating the tallest residential building in the Western Hemisphere.
$111M JV to Develop Major Mixed-Use Project in Chicago
Guggenheim Real Estate selected two partners to renovate a two-tower community and expand the site into a large mixed-use project in the Illinois Medical District.
On the Market: 5 Interesting CRE Listings for the Week of 8/8
This week’s listings include a sprawling luxury property in Sherman Oaks, Calif., and a unique vintage community in Pittsburgh.
Dallas Community Lands $15M Refi
Hunt Mortgage Group lined up a Fannie Mae loan facility for the acquisition and rehabilitation of the 436-unit Magnolia Creek community.
P3 Keeps Colorado Community Affordable
Community Development Trust, Volunteers of America and The Colorado Springs Housing Authority team up to save a 256-unit community for low-income residents.
Boston Tower Talks Get Underway
Millennium Partners and city officials start hammering out a deal for the site of a proposed $1 billion residential/office high-rise.
Bascom Group Finds Green Pastures in Redlands
An Inland Empire community is the firm’s 37th multifamily buy in just the past 12 months.
EdR to Develop University’s Largest Project to Date
Northern Michigan University selected EdR to develop, finance and manage a historic multi-building living-learning community.