National
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 […]
Trigild Adds Seven Multifamily Communities to Its Portfolio
Trigild, a San Diego-based real estate management and loan recovery firm, recently expanded their multifamily portfolio with the addition of seven multifamily communities across the United States.
TODAY'S DEALS: American Realty Advisors Buys Two Seattle Assets
American Realty Advisors acquires two mixed-use communities in Seattle; Archstone breaks ground on a rental townhouse community; and NorthMarq arranges a $14.3 million seven-year Freddie Mac loan.
TODAY'S DEALS: MAA Buys 240-Unit Community in Virginia
MAA buys a community in Chesapeake, Va.; a 272-unit purchase expands Bascom’s Texas portfolio to 20 properties; and Johnson Capital arranges a preferred equity investment of under $1 million.
TODAY'S DEALS: Village at Playa Vista Gets Green Light
A 111-acre mixed-use development gets the green light; a San Fernando Valley building commands $225,000/unit in a Marcus & Millichap-brokered sale; and Beech Street Capital arranges $7.7 million for a Maryland asset.
New $165 Million Residential Development Announced at Buckley Annex
By Gabriel Circiog, Associate Editor The Department of Defense will transfer the last remaining parcel of land from the site of the former Lowry Air Force Base to the Lowry Redevelopment Authority. Construction work on a $165 million residential development at the Buckley Annex is expected to start this fall, The Denver Post reports. The […]