Regions
Auction.com to Sell $600 Million in Performing Multifamily Loans
Auction.com has been retained as the exclusive loan sale advisor for the sale of 447 performing multifamily loans with an unpaid principal balance of $601.3 mil
TODAY’S DEALS: Security Properties Buys 584 Apartment Units in Portland
ARA brokers a $64.5 million apartment portfolio sale in Portland; Newmark Grubb Knight Frank closes a three-property acquisition in Georgia; and IPA arranges a 121-unit purchase in Stamford, Conn.
Global One Real Estate Fund Acquires Promenade Apartments
Robert Nelson’s Global One Real Estate Fund, in conjunction with the NYAH Preservation Fund II, a joint venture between Citi Community Capital and L+M Development Partners, has acquired Promenade Apartments, a 318-unit, 32-story apartment community overlooking Manhattan’s Harlem River.
Economy Watch: No Debt-Ceiling Debt Yet
A debt-ceiling and shutdown deal seemed possible on Friday, but things seemed to go retrograde over the weekend.
JV Begins Work on San Diego Apartments
A joint venture between Behringer Harvard Multifamily REIT I Inc and KNR Mission Gorge LLC has started construction on Mission Gorge, which is the tentative name for a multifamily property in the East Mission Valley submarket of San Diego.
TODAY’S DEALS: Tampa Apartment Community Trades for $32M
IPA completes a 340-unit sale; BankUnited provides $30 million to refinance a property in Queens, N.Y.; and HFF closes a $35 million sale of a development site in Manhattan’s Hudson Yards.
Related Group Taps CBRE to Oversee Leasing at Flagler Village
Related Group has selected Los Angeles-based CBRE to oversee retail leasing at its mixed-use Flagler Village development in downtown Fort Lauderdale.
Fifield and Carroll Properties Break Ground on Evanston’s First Post-Downturn High-Rise Rental
E2, a 356-unit luxury apartment project in the downtown district of Evanston, Ill., is now under construction.
Economy Watch: Debt-Ceiling Deal Possible
No agreement about the looming debt ceiling or the shutdown of the federal government had been reached—but that didn’t stop reports of a possible short-term agreement on the most pressing of those two fiscal situations, namely the debt ceiling.
Central Station Apartments in Evanston Completed
Central Station, an apartment property in the northern Chicago suburb of Evanston, has been completed, and residents are starting to move in.