Regions
Florida Oceanfront Condo Site is Up for Grabs
A 1.6-acre oceanfront site in Hollywood, Fla., which remains undeveloped in a neighborhood of tall residential towers and condos, has been put on the market by Aventura, Fla.-based Shefaor Development.
TODAY'S DEALS: Morgan Properties Buys 192-Unit Community Near Philadelphia
Morgan Properties buys a community for $31.4 million; Holliday Fenoglio Fowler secures financing for a student housing asset; and Lee & Associates transacts a $7.8 million sale.
EdR Tackles On-Campus Student Housing
The University of Kentucky Board of Trustees has approved a 50-year lease with EdR for on-campus housing.
Honolulu to Market City-Owned Affordable Housing
The City and County of Honolulu has selected CBRE Group to market its entire portfolio of affordable rental housing communities, with the intention of transitioning ownership of the housing to private ownership.
TODAY'S DEALS: HFF Lands $22.2M for Class A Community in Central Florida
Holliday Fenoglio Fowler lands financing for a 270-unit property in Florida; an Archstone sponsored partnership completes a $63.2 million purchase; and Walker & Dunlop completes a $9.55M refinance loan for a mixed-use property in New Orleans.
Archstone Buys Washington State, California Properties
Archstone has acquired a 131-unit apartment complex in Kirkland, Wash. It sold for about $47.5 million and will be renamed Archstone Kirkland at Carillon Point.
Joint Venture to Acquire 360-Unit Property in Texas
Carroll Organization has partnered with Starwood Capital to acquire the 360-unit apartment community Carrington at Shadow Creek Ranch, a Class A project just eight miles from the Texas Medical Center.
TODAY'S DEALS: IPA Sells Sacramento-Area Asset for $48.3M
IPA brokers the sale of a 452-unit asset near Sacramento; EdR wins approval for a student housing revitalization at the University of Kentucky; and Eastern Consolidated procures a buyer in the $33.8 million sale of a property in Manhattan.
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….
New Student Housing to Break Ground at University of North Texas
Developed by Fountain Residential Partners, 33 North is to be a luxury, five-story structure with commanding views of the University of North Texas campus just one block away.