Regions
Tryperion, Presidium Acquire San Antonio Multifamily Property
In a joint venture, Tryperion Partners and Presidium Group have acquired Oakwell Springs, a 252-unit apartment community in San Antonio. The property is located in the desirable Northeast submarket of the Alamo City.
HAP Investments Buys Site for Condos in Manhattan
HAP Investments, a New York-based real estate investment and development company, has acquired a development site at 215-219 West 28th St. in Manhattan for $51 million. The site comes along with adjacent air rights.
TODAY’S DEALS: Boston Apartment Asset Sells for $53.6M
CBRE/New England brokers a 136-unit sale in Boston; Marcus & Millichap closes a $25.7 million multifamily trade in Harrisburg, Pa.; and C&W brokers a bulk sale of luxury condominiums in Celebration, Fla., by a financial institution.
53 Broadway Thriving in Brooklyn’s South Williamsburg Neighborhood
New York developer Adam America, in partnership with The Horizon Group, is reveling in the success of its new 53 Broadway community in Brooklyn’s South Williamsburg neighborhood after nearly two-thirds of the building’s apartments were leased in its first three weeks on the market.
Economy Watch: Existing Home Sales Rise, According to National Association of Realtors
The National Association of Realtors reported that total existing home sales nationwide rose 1.7 percent to an annualized rate of 5.48 million units in August, compared with 5.39 million in July.
Propertylink Selects Yardi Voyager for Real Estate Investment and Asset Management Operations in Australia
Yardi(R), a leading developer of software solutions for the real estate investment, asset and property management industry, is pleased to announce today that Propertylink has selected Yardi Voyager(R) for its real estate investment, asset and property management operations.
WIP Littleton Village Plans Mixed-Use Development at Former Marathon Oil Research Site
WIP Littleton Village has purchased one of the last large infill development sites in the Denver metropolitan area, and plans to turn the 77-acre former Marathon Oil research facility site into a mixed-use development with more than 900 single- and multifamily residences.
Hines Russia & Poland Fund Completes Portfolio-Expanding Industrial Acquisitions
Hines has continued to expand its Eastern European portfolio recently after revealing freshly completed acquisition processes of two industrial facilities in the Warsaw market.
TODAY’S DEALS: JBG, Walton Street Land $99.2M for Mixed-Use Development in D.C.
HFF provides construction financing for a JV development; Canyon Capital Realty Advisors arranges construction financing for a NYC co-op; and Ariel Properties brokers the sale of a walk-up property for $11.1 million.
Three Promoted to Senior Vice President at FirstService Residential
First Service Residential, previously known as Cooper Square Realty, announced that Steven Hirsch, Marc Kotler and Tom Padilla have been promoted to the position of senior vice president.