Regions
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
TODAY’S DEALS: Manhattan Luxury Asset Trades for $280M
Equity Residential acquires The Beatrice in Manhattan for $280 million; Pierce Education refinances a 792-bed asset in Oklahoma; and Berkeley Point Capital provides a Freddie Mac CME five-year, interest-only, adjustable-rate mortgage.
Kennedy Wilson Acquires 544-Unit Multifamily Community
Kennedy Wilson, an international real estate investment firm, recently acquired a 544-unit multifamily community in Hayward, Calif. The property, called the Waterford, was purchased for $86.5 million, with $68.1 million in financing from Freddie Mac.
Ground Broken on Apartments in North Bethesda
Ground has been broken for Aurora, the second residential phase of North Bethesda Center at the White Flint Metrorail.
Sterling Parc at Middletown Proclaims Leasing Success
The first building at Sterling Parc at Middletown is now fully leased.
Ground Broken for New Affordable Housing Development in Santa Clara
The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.
California Investor Acquires Texas Multifamily Community
MIG Real Estate has acquired the Cottages, an apartment property in Austin, Texas.
$75M Luxury Apartment Project Comes to Wheaton, MD
By Adrian Maties, Associate Editor After six years of planning, the Washington Property Co. has finally started work on Solaire-Wheaton, a $75 million luxury apartment development in Wheaton, Md. The project was put on hold during the recession. WPC is constructing the Solaire-Wheaton on the site of the former First Baptist Church of Wheaton, adjacent […]
TODAY’S DEALS: JV Lands Loan, Breaks Ground at Univ. of Miss.
EdR, Landmark begin a student housing project; Centerline Capital Group provides refinancing for an property in Nebraska; and Aztec Group Inc. closes a acquisition and bridge loan for a community in Florida.
HIT Invests $11 Million to Revitalize Two Chicago Affordable Housing Developments
The AFL-CIO Housing Investment Trust, a fixed-income investment company, is providing $11 million to fund substantial rehabilitation of two Chicago-based affordable housing developments.