News
TODAY’S DEALS: Forum Sells Denver Apartment, Achieves Record Price Per Square Foot
ARA brokers Forum Real Estate Sale of a 57-unit apartment in Denver; Titan SenQuest grabs a seniors housing community in Grand Rapids; and Meridian Capital Group arranges a $2.3 million loan with a below-market interest rate.
Franklin Street Sells Pair of North Tampa Apartments
Franklin Street has announced the sale of two North Tampa area apartment communities, Sandanay and Stonehenge Apartments, for a price of $3.05 million, which corresponds to $35,500 per unit and $39.97 per square foot.
Peak Campus Management Named Manager of The Clubhouse
Peak Campus Management has been selected as property manager for The Clubhouse, a new 758-bed student housing community serving University of Louisville students.
Economy Watch: GDP Bounces Back in Q2
Real U.S. gross domestic product increased at an annualized rate of 4.6 percent during the second quarter of 2014, according to the Bureau of Economic Analysis’ final estimate.
Tech-Oriented Affordable Seniors Property Opens in Queens
Selfhelp K-VII, a 92-unit affordable seniors housing property at 137-39 45th Ave. in the Flushing neighborhood of Queens, has opened.
TODAY’S DEALS: Berkadia Provides $85M Following Proprietary Interim Loan for Mixed-Use Property
The New York office of Berkadia Commercial Mortgage recently arranged an $85 million revolving credit facility; and Grandbridge Real Estate Capital facilitates a $5.5 million seniors housing refinance.
MC Residential Rolling Out Different Approach to Leasing Tours
Taking the stance that salespeople often get in the way of and create an uncomfortable atmosphere for the consumer, MC Residential is in the process of rolling out a new apartment touring strategy that gives the prospect the opportunity to view apartments without the distraction of leasing staff.
Marriott International and Hotecapsa Working on Guayaquil Hotel for 2016
Ecuador’s largest and most populous city is set to see a brand new Marriott-operated hotel developed during the following years, the hospitality company recently announced.
AMP Capital and Billbergia Sell Landmark Site in Brisbane, Build Region’s Tallest Apartment Tower
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to local businessman Sam Chong, owner of Felicity Hotel Group, who plans to develop a 5-star hotel on the property.
Perkins+Will to Design Largest Hospital in Ghana
Award-winning design firm Perkins+Will recently announced it will handle the design of the largest hospital in the Republic of Ghana.