National
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.
$75M Luxury Apartment Project Comes to Wheaton, MD
By Adrian Maties, Associate Editor After six years of planning, the Washington Property Co. has finally started work on Solaire-Wheaton, a $75 million luxury apartment development in Wheaton, Md. The project was put on hold during the recession. WPC is constructing the Solaire-Wheaton on the site of the former First Baptist Church of Wheaton, adjacent […]
TODAY’S DEALS: JV Lands Loan, Breaks Ground at Univ. of Miss.
EdR, Landmark begin a student housing project; Centerline Capital Group provides refinancing for an property in Nebraska; and Aztec Group Inc. closes a acquisition and bridge loan for a community in Florida.
TODAY’S DEALS: AIG Lands $37.2M for 379-Unit Tampa Asset
AIG Global Real Estate finances a Class A property; Walker & Dunlop provides $74.4 million to a 634-unit asset; and KeyBank Real Estate Capital closes a $15.8 million loan through Freddie Mac’s Capital Markets Execution program for a Class A property.
Stavrou to Build Townhomes in South Baltimore
By Adrian Maties, Associate Editor After nearly five years without any new towhnhome construction, the South Baltimore townhome market seems to be coming back to life. Steve Strohecker broke ground a few weeks ago on a four-townhome project. He is now followed by Annapolis-based Stavrou whose project will bring 10 luxury townhomes to South Baltimore. […]
TODAY’S DEALS: Dickinson Moves Ahead with $65M Project
A mixed-use project gets the green light; Venture West arranges a $10.1 million acquisition loan; and ARA represents the buyer in the acquisition of a 4.18-acre site in a master-planned community.
TODAY’S DEALS: CBRE Purchases 350-Unit Asset in Colorado
CBRE Global Investors buys a 350-unit asset; Kennedy Wilson acquires a SoCal property for $43.7 million; and investors show high level of interest in a Transwestern-brokered Dallas property sale.
TODAY’S DEALS: Bluerock, Bell Partners Grab a Tennessee Asset
Partnership buys a 252-unit asset; Gerson Bakar & Associates complete a 300-unit acquisition near Portland, Ore.; and Alliant Capital completes loan with a 3.81 percent interest rate.
TODAY'S DEALS: HFF Completes $57M Atlanta Sale
HFF closes the sale of an Atlanta asset to TA Associates Realty; The Cantrell Co. brokers the sale of a distressed asset in Dallas; and NorthMarq Capital’s Greg Duvall completes four market-rate financings through AmeriSphere.
TODAY'S DEALS: Harbor Group Buys Three-Property Portfolio for $100M
Harbor Group International acquires a 1,218-unit portfolio in Florida; MIG Real Estate buys a luxury asset in Austin; and Colliers International brokers the $2.7 million sale of a residential lot in a college area.