Regions
TODAY'S DEALS: EBSCO Buys 240-Unit Asset in Georgia
EBSCO Income Properties buys a Georgia apartment community for $17.3 million; Newmark Grubb Knight Frank arranges for the sale and purchase of two bank-owned properties; and ARA announces the sale of a 1939 property in Miami’s South Beach.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
New Community Design Evokes Resort Feel
NMS, a Los Angeles-based development company, has started construction on a $50 million multifamily community at La Cienega Boulevard in Beverly Hills, Calif.
Latin United Community Housing Association Receives $4.7 for Affordable Housing
BMO Harris Bank has extended a $4.7 million construction loan to the Latin United Community Housing Association to provide renovations on the Borinquen Bella Apartments.
JV Begins Work on Savannah Apartment Development
A partnership between Cortland Partners and Batson-Cook Development Co., both based in Atlanta, has broken ground on Two Addison Place in Pooler, Ga., northwest of Savannah near I-95.
Mixed-Use Development Under Construction in Bethesda
Ground was broken last week on an ambitious mixed-use development in the heart of Bethesda, Md.
TODAY'S DEALS: ARA Brokers Sale of Florida Development Site
ARA completes a land sale in St. Petersburg; Southeast Apartment Partners brokers a $55.1 million sale in Virginia; and Hendricks & Partners completes a $38.5 million sale.
Oakwood Worldwide Acquires ExecuStay Corporate Housing Brand
Marriott International is selling its ExecuStay corporate and temporary apartment housing business to Oakwood Worldwide, the two companies announced in mid-April.
Impakt Development Nears Completion on School Conversion
by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the first units would be turned […]
TODAY'S DEALS: Carroll Organization Grabs Luxury Houston Asset
The Carroll Organization buys a 267-unit community just north of Houston; Canadian Apartment Properties REIT enters a $455 million acquisition agreement; and Walker & Dunlop closes a $6 million Fannie Mae financing.