Regions
TODAY’S DEALS: Berkeley Point Capital Executes $325M Refinance on San Francisco Apartment
Berkeley Point Capital closes the largest single-asset loan in its history; Marcus & Millichap sells a 116-unit community in South Carolina; and Henry S. Miller brokers sale of property in Texas.
Prologis Inc. Continues European Expansion with Three New Developments Announced in the UK
San Francisco-based Prologis Inc. recently announced it would begin development on three buildings with a total of more than 700,000 square feet in the United Kingdom.
World’s First Forbes-Branded Office Tower to Rise in the Philippines
Forbes Media has chosen the Philippines as the site of the world’s first Forbes-branded office high-rise. The company has partnered with local developer Century Properties Group Inc. to build the approximately 646,000-square-foot Forbes Media Tower(R) in Makati, a suburb of Manila.
JV Plans Denver High Rise
A partnership of developers has unveiled plans for a 34-story high-rise apartment in Denver. Development partners include PM Realty Group (PMRG), National Real Estate Advisors (NREA), and Ray Suppa, a founder of several real estate-related companies who has developed property in Denver for over 20 years.
Prime Property Investors to Develop Houston Apartment Community
Prime Property Investors has entered into a joint venture with Trammel Crow of Dallas to develop a 346-unit Houston apartment community called Alexan at Auburn Woods
TODAY’S DEALS: HFF Arranges $22.5M Permanent Loan from Life Insurance Company
HFF arranges $22.5 million in financing from a life insurance company; Parse Capital closes a $8.9 million mezzanine loan for a Los Angeles development; and Berzack Investment Property Advisors brokers a 40-unit sale in Santa Clarita, Calif.
Auction.com Research Releases Inaugural Quarterly Residential Report
Auction.com Research, a division of Auction.com that provides continuous data and analysis across all residential and commercial real estate sectors, today released its first Quarterly Residential Research Report.
Relevance New York Adds Two NYC Buildings
Relevance New York, a brand-building company, is now representing Walker Tower in Chelsea, and 435 West 50th Street in Hell’s Kitchen.
The Dolben Co. and Klein Enterprises Begin Leasing at Fells Point
Marketplace at Fells Point has begun pre-leasing. The 159-unit apartment property, which also includes 28,000 square feet of retail space, is located in Baltimore’s historic Fells Point district, in the southeastern part of the city along the waterfront, just east of the Inner Harbor.
NAAEI Opens New Path for Lapsed Students to Earn Certified Apartment Manager Designation under CAMnesty Program
Everyone deserves a second chance, and the National Apartment Association Education Institute (NAAEI) is offering one to those people in the apartment industry who started but did not complete their Certified Apartment Manager (CAM) designation within the past seven years.