National
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.
The Village at Market Creek Awarded LEED-ND Silver Certification
By Gabriel Circiog, Associate Editor The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by the United States Green Building […]
UBS Buys North Hollywood High-Rise Apartments for $74 Million
By Alex Girda, Associate Editor In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June 2010, when it was acquired in an REO sale by a joint venture […]
TODAY'S DEALS: JLL Originates $160M for Arlington Assets
JLL originates $160 million in refinancing for two assets near D.C.; Crawford Park Financial Inc. completes a Los Angeles acquisition; and NorthMarq arranges $15 million for an apartment community in Minneapolis.
TODAY'S DEALS: Bascom Completes Largest Hawaiian Transaction Since 2007
The Bascom Group buys a Hawaiian asset for $73.5 million; ARA brokers a $20.5 million sale in Colorado; and Cohen Financial finds a Canadian life company as capital source to fund a $7.1 million loan.