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Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus
Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Carroll Organization Acquires 11th Florida Multifamily Property
Carroll Organization continues to expand its southern portfolio. The group recently completed its eleventh acquisition in Florida with the purchase of the 204-unit Island Club at Atlantic Beach.
Oak Grove Capital Posts Record-Breaking Year
Oak Grove Capital provided $1.7 billion of affordable, market rate and seniors housing financing in 2013, a 16 percent increase over 2012 loan production.
Othello Partners Awaits Design Review on New Rainier Valley Residential Project
Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential market. Now the company will follow the Station with its new, Othello Station North.
TODAY’S DEALS: MetLife to Invest in $317M UDR Tower
MetLife and UDR partner up on a San Francisco development; World Class Capital acquires a student housing asset in Texas; and CBRE Global Investors Fund acquires a Phoenix-area apartment community.
Development Slate: Amazon Makes Changes to Denny Triangle Spheres, GIS Rekindles Hotel-Condo Project and Belltown Site Trade Hands
Recent news regarding a number of new or resurrected projects have energized an already exciting development scene as Seattle is seeing large projects continue to take the stage in its downtown area. As Amazon continues to modify its artsy spheres, two high-rise projects promise to make their mark on the city’s skyline, as a mixed-use tower project emerged from the shadow of the economic downturn, and a brand new project might be on its way in Belltown after a development site recently traded hands.
Metro Salt Lake City M-F Market Keeps Gathering Steam: Cushman & Wakefield
The city’s apartment market is rarely taken to the forefront of real estate news but Cushman & Wakefield’s annual Apartment Market Report has shed some light on the state of Salt Lake City’s residential market. The report contains important information regarding apartment vacancy and rental stats, while also including a positive projection for 2014. The real estate company focused on mid to large apartment communities in Salt Lake County.