News
Economy Watch: Spain Set to Ask for Bailout
Late last week word broke that Spain was going to formally request what the country has so far only informally requested, namely financial assistance from the EU for its sickly banking sector.
Palace Hotel Tokyo Aims to Bring a New Brand of Luxury to the Japanese Capital
The city of Tokyo now has an exciting new addition to its hospitality market with the opening of the Palace Hotel Tokyo, a 290-room venue.
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
How to Ensure Marketable Title from a Receiver Sale
Many purchasers of multifamily properties have sought to acquire either individual properties or a portfolio of properties by means of a receiver’s sale.
The Preservation Game
The Affordable Housing landscape is shifting to a new focus on preserving existing multifamily stock.
Under One (Affordable) Roof
Jamboree Housing Corporation’s Courier Place Apartment Homes showcase a new trend—multigenerational multifamily.
TODAY’S DEALS: Manhattan Luxury Asset Trades for $280M
Equity Residential acquires The Beatrice in Manhattan for $280 million; Pierce Education refinances a 792-bed asset in Oklahoma; and Berkeley Point Capital provides a Freddie Mac CME five-year, interest-only, adjustable-rate mortgage.
Kennedy Wilson Acquires 544-Unit Multifamily Community
Kennedy Wilson, an international real estate investment firm, recently acquired a 544-unit multifamily community in Hayward, Calif. The property, called the Waterford, was purchased for $86.5 million, with $68.1 million in financing from Freddie Mac.
Ground Broken on Apartments in North Bethesda
Ground has been broken for Aurora, the second residential phase of North Bethesda Center at the White Flint Metrorail.
