National
TODAY'S DEALS: Dornin Acquires Seniors Housing Community in California
Dornin Investment Group purchases a 122-unit seniors community located in San Marcos, Calif.; AIG Global Investment Group sells a three-property portfolio in New Jersey; and Marcus & Millichap closes the $1.5 million sale of a 16-unit property.
TODAY'S DEALS: The Seneca Apartment-Hotel Sold, Will Operate as Luxury Rental
Waterton Associates buys a Chicago apartment-hotel; Post Brothers lands a $52 million redevelopment loan; and Cohen Financial secures $14.6 million for two Chicago properties.
TODAY'S DEALS: Stiles Breaks Ground on Mixed-Use Development
Stiles begins a 321-unit mixed-use development in Florida; Concordia buys two seniors housing assets; and Meridian’s Carlsbad, Calif., office arranges over $100 million in financing in its first year.
TODAY'S DEALS: Waterton Re-Enters Portland Market with $77.2M Purchase
Waterton Associates buys a 554-unit community in Beaverton; IPA brokers the sale of a 460-unit community in California; and Summit Management Services Inc. acquires a luxury community in Fort Collins.
TODAY'S DEALS: Camden Sells 456-Unit Asset in Houston
Camden Property Trust sells a Houston asset; Berkeley Point Capital provides $54.8 million to fund an acquisition; and Beech Street Capital refinances two Los Angeles properties.
TODAY'S DEALS: Berkadia Arranges $28M for L.A. Properties
Berkadia lands $28 million for two properties in Los Angeles; The NHP Foundation buys its first affordable housing property in New York City; and Northmarq arranges a financing of $13.1 million for an Aukum Management purchase.
Downtown Senior Apartment Project Lands New Equity Partner
By Gabriel Circiog, Associate Editor The economic downturn has taken its toll on many developments around the country, but a long-delayed downtown Denver senior-living project is set for a comeback as The Denver Post reports the developer has landed a new equity partner. Balfour Cosmopolitan LLC bought the 95,607-square-foot property back in 2006 for $7.7 […]
TODAY'S DEALS: AvalonBay Buys N.J. Asset for $63M
AvalonBay buys a 334-unit community in central New Jersey; ARA brokers the sale of a site approved for a seniors housing development in Denver; and Meridian Capital negotiates financings in the New York metro area.
TODAY'S DEALS: Bascom Continues Denver Acquisition Spree
The Bascom Group buys a 492-unit asset in Denver; Centerline Capital Group provides an $11.4 million refinancing for a property near St. Louis; and Eastern Consolidated is picked to market a possible redevelopment in Manhattan’s Upper East Side.
TODAY'S DEALS: Savanna, Pantzer Partner to Close $196M Purchase
Savanna joins Pantzer Partners in the ownership of a large Long Island asset; AREA partners with Harbor Urban on a Seattle apartment initiative; and Beech Street Capital provides $7.8 million for the refinance of an apartment community in New York state.