National
Highwoods Properties Buys $26M Building from its Partner
by Adriana Pop, Associate Editor Highwoods Properties Inc. has purchased full ownership of a 178,300-square-foot office building in Cary from its joint venture investor, in a transaction valued at $26 million. Highwoods had developed the four-story building located at 11000 Weston Parkway in 1998. One year later, the company sold 77 percent ownership in the property […]
TODAY'S DEALS: JLL Secures $93M of Development Capital for San Jose Project
JLL closes financing for a $93 million multifamily development in San Jose; Kennedy Wilson buys a 409-unit asset in Sacramento; and American Realty Advisors buys a 62-unit luxury asset in Brooklyn.
TODAY'S DEALS: MAA Buys a 230-Unit Community in Atlanta
MAA completes a 230-unit purchase in Atlanta; IPA brokers the sale of Sentinel Real Estate’s 216-unit Lakes of Northdale near Tampa; and Centerline Capital provides a $39.6 million refinancing transaction.
TODAY'S DEALS: ARA Brokers $18.5M Sale in South Carolina
ARA brokers the sale of two assets; Associated Estates buys an L.A. office with plans to build apartments; and NorthMarq Capital arranges a $15.5 million mortgage for a Washington, D.C., property.
TODAY'S DEALS: Manhattan Mixed-Use Asset Trades for $23.7M
Marcus & Milichap sells a 177-unit mixed-use asset in Manhattan; and Enterprise closes the first ever Green Refinance Plus Fannie/HUD loan.
TODAY'S DEALS: MG Properties Buys Seattle Asset for $18.5M
MG Properties group buys a Seattle asset from an affiliate of Goodman Real Estate; Primedia completes its purchase of Rent.com; and Beech Street arranges a $10 million CMBS loan to refinance a student housing asset.
TODAY'S DEALS: Aragon Completes Kansas City Acquisition
Aragon Holdings breaks the 3,000-unit mark with its most recent purchase; Beech Street provides a $20.2 million refinancing loan for a Miami community; and Preferred Apartment Communities lands a mezzanine loan for a 140-unit community with an option to purchase.
Wood Partners LLC Announces 388-unit Alta Alameda Station Development
By Gabriel Circiog, Associate Editor Wood Partners LLC has announced plans to build a 388-unit transit-oriented community in the historic Baker district of Denver. Alta Alameda Station will be built on over five acres of land at 275 Cherokee Street, west of S. Broadway. The community will be directly across from the Alameda Light Rail […]
Apartment Industry Has Solid First Quarter
The National Multi Housing Council, in its latest Quarterly Survey of Apartment Market Conditions, reports that the U.S. apartment industry is still chugging along at a robust pace.
TODAY'S DEALS: Scion, Virtus Acquire Student Housing Community
HFF provides acquisition financing for a joint venture acquisition; Questar Properties opens a new 561-unit property in Anne Arundel County, Md.; and Centerline Capital provides a $11.6 million DUS facility for a student housing purchase.