National
TODAY'S DEALS: Canyon-Johnson Invests $25.7M into JV Development
Canyon-Johnson invests into a California development; Beech Street arranges $32 million for a rent controlled asset in New Jersey; and Centerline Capital Group supplies a $15.5 million Fannie Mae loan to refinance a property in Nashua, N.H.
TODAY'S DEALS: Kennedy Wilson Completes $154M Sale
Kennedy Wilson sells two assets for $154 million; a joint venture acquires $85 million in NYC properties; and Michael Jakubiec brokers the sale of a property for $3 million.
TODAY'S DEALS: Cassidy Turley Closes $36M Sale in Phoenix
Cassidy Turley negotiates the sale of a Phoenix community for $36 million; Berkadia provides $35 million in two financings; and a Brooklyn asset hits the market for the first time in over 50 years.
TODAY'S DEALS: Mixed-Income High-Rise Opens in Arlington
Bozzuto, Chesapeake Community Advisors complete a mixed-income high-rise in Arlington; Wood Partners begins a new development in North Carolina; and American Realty Advisors buys a 264-unit community outside of Atlanta.
TODAY'S DEALS: KBS REIT Acquires 255-Unit Asset Outside Baltimore
KBS Legacy Partners Apartment REIT buys a Maryland asset; Strategic Capital Partners acquires a community in Oklahoma City; and NAI Hunneman brokers the $2.7 million sale of a 100 percent-occupied building.
TODAY'S DEALS: Vesper Holdings Buys Texas Student Housing Asset
Vesper Holdings acquires a 528-bed student housing asset; UIP, Infinity buys a pre-war asset in Washington, D.C.; and Beech Street Capital provides a $5.2 million FHA loan with possibly the lowest rate to lock in the field office’s history.
How to Minimize Property Damage in the Event of a Wildfire
As summer approaches and the temperatures go up, it is important for multifamily owners and property managers to protect their buildings from wildfires.
Wood Partners LLC and East West Partners Plan New Luxury Apartment Community
By Gabriel Circiog, Associate Editor Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment. The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units […]
TODAY'S DEALS: IPA Sells Tampa Community for $12.6M
IPA arranges a $12.6 million sale in Tampa; Centerline Capital provides a $6.6 million loan for a two-property acquisition in Utah; and Walker & Dunlop originates a $18.2 million refinance loan carrying two-years interest-only.
Paragon Plans 400,000-Square-Foot Outlet Shopping Center in Cedar Grove
By Gabriel Circiog, Associate Editor Paragon Outlet Partners L.L.C. has presented to the Eagan Economic Development Authority a preliminary concept plan for a new upscale outlet shopping center in Cedar Grove. The Baltimore-based developer proposes a project that would feature between 90 and 100 high-end outlet stores on approximately 35 acres of land. With more […]