News
TGM Expands in Connecticut
TGM Associates has acquired Avalon on Stamford Harbor, a waterfront property in Stamford, Conn., that includes two mid-rise apartment buildings for an unspecified price.
Record-Setting Sale Announced for Chicago Apartment
Related Midwest announced the sale of OneEleven Apartment Tower located at 111 W. Wacker Dr. in Chicago, which sold for over $328 million to Heitman.
Trammell Crow Company Announces Three Promotions
Trammell Crow Company, a national developer and investor in commercial real estate, has announced the promotion of Joel Behrens of Dallas/Fort Worth, Will Parker of Northern California and Brandon Houston of Houston to principals of the firm in their respective city’s business units.
TODAY’S DEALS: KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio
KeyBank Real Estate Capital closes a $334.4 million Fannie Mae credit facility for Enlivant; and NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34 million.
Fiesta Park
BH Properties recently renovated its affordable apartment community Fiesta Park. The community, located in Mesa, Ariz., was able to increase its occupancy by 40 percent. MHN looks at some of the stats of the successful property overhaul.
Crisis Management
The Ebola panic in the U.S. has subsided, but don’t delay developing protocols.
New NYC Condo ‘Quiet Retreat’ in Bustling City
B+B Capital has revealed a new development plan for Manhattan’s Chelsea neighborhood.
Luring Renters to the Waterfront in Boston
Tishman Speyer has announced plans for a waterfront development site at Pier 4 in Boston’s Seaport District.
Economy Watch: Low Inflation Generally Positive for CRE
The Bureau of Labor Statistics reported that the CPI was down 0.4 percent in December. That’s the steepest drop in that particular metric since 2008.
TODAY’S DEALS: Waypoint Grows Portfolio in Augusta
Waypoint Residential completes its third Georgia buy; IPA Capital Markets arranges a $34.1 million refinance for a Colorado community; and MG Properties acquires a multifamily property for nearly $39 million.