News
TODAY’S DEALS: KRON-TV HQ Sale Paves Way for San Fran Development
NKFC&CCl brokers the sale of KRON Channel 4’s headquarters in San Francisco; a Los Angeles apartment trades hands for $10 million; and Centerline Capital completes a $2 million refinancing in Georgia.
Modern Spaces Heads Up Repositioning and Rebranding Efforts at Former Lower East Side School
Modern Spaces has been tapped as the exclusive rental and marketing agent for the building located at 371 Madison Street in Manhattan’s Lower East Side neighborhood. The building will be repurposed from luxury condos to rentals and will undergo a rebranding campaign.
Crescent Bayshore in Tampa Begins Preleasing
Crescent Bayshore, the only apartment community situated along Tampa’s exclusive Bayshore Blvd., is now in preleasing.
Economy Watch: Retail Sales Eke Out Small April Gain
Retail sales barely budged in April compared with March, according to the Census Bureau.
Upper West Side Still Tops Among NY Apartment Seekers
Online searches are now SOP for anyone looking for a rental apartment or a for-sale condo, and according to digital marketing firm Knightsbridge Park, online search patterns offer clues to the state of a market.
Dominium: Guaranteeing Tax Credits for Investors of Distressed LIHTC Properties
Dominium turns around struggling Low Income Housing Tax Credit properties while guaranteeing the investors their full tax credits. How is it able to achieve this feat?
Edward R. James Companies Constructing 29-Unit Townhome in Chicago’s North Shore
Edward R. James Companies has received approval from the Park Ridge Planning and Zoning Commission to develop Brighton Mews, a 29-unit luxury townhome development in the heart of Park Ridge, Ill.
TODAY’S DEALS: Walker & Dunlop Provides $278M Credit Facility
Walker & Dunlop secures a credit Facility for Milestone Apartment REIT; Greystone acquires a 228-unit asset in North Carolina; and Oak Grove Capital closes 13 loans totaling $123.4 million over the past month.
Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Economy Watch: Federal Deficit Continues to Drop
The federal government’s budget deficit dropped sharply in the first seven months of fiscal 2014 (beginning Oct. 1, 2013), according to a report by the U.S. Department of the Treasury.