Regions
TODAY’S DEALS: Prudential Closes $80.5M Loan to Bonaventure Realty
Prudential Mortgage Capital Company closes an $80.5 million loan; Marcus & Millichap sells 26 units in California; and Alliant Capital completes a $1.45 million refinance of an eight-unit building.
Model Home Proves Successful for Brooklyn Building
Developers hope a model home with a “lived-in look” will appeal to renters at Arias Park Slope.
TODAY’S DEALS: Colonial Properties Trust Acquires 312-Unit Asset
Colonial Properties Trust completes a 312-unit acquisition in Dallas; Stoneleigh buys a 228-unit community outside San Antonio; and GFI Realty Services brokers the sale of a154-unit asset in Brooklyn, N.Y.
Work Starts on Monroe Street Market in D.C.
Ground has been broken for the multi-phase, multi-use Monroe Street Market in Washington, D.C., which will include 720 multifamily residential units and 45 townhomes along with a number of commercial property uses.
Buyers Excited for Chelsea’s New Luxury Condos
Chelsea, New York, is getting a little more luxurious–and New Yorkers are chomping at the bit. Carriage House Condominium, a new residential conversion (and former stable), has already sold eight of the property’s 24 units in four months on the market.
Promise Replaces Blight in Atlanta Enclave
In Edgewood, an East Side Atlanta neighborhood troubled by foreclosure, new hope has arrived with the recent opening of Retreat at Edgewood, a 100-unit affordable rental townhome development from Atlanta’s Columbia Residential.
TODAY’S DEALS: Marcus & Millichap Sells 2,253-Units
Marcus & Millichap brokers the sale of a nine-property portfolio; Health Care REIT completes a $632.5M public offering; and Dome Equities acquires a 220-unit property.
Ground Broken For Apartments on CSU Campus
Cleveland State University, along with co-developers Polaris Real Estate Equities and Buckingham Cos., have broken ground on the Campus Village, a new $50 million mixed-use property on the Cleveland State University Campus.
MHN Interview: Mark-Taylor’s Free-Rent-for-a-Year Initiative
Mark-Taylor Residential will award the winner of their scavenger hunt free rent for a year. Last year’s scavenger hunt brought hundreds of people to Mark-Taylor properties. This year, they’re hoping for more.
Sprouting in Flatbush: CAMBA Gardens Affordable, Supportive Housing
New York City’s public hospital system, social service providers and non-profit developers have come together in a one-of-a-kind partnership to provide housing while simultaneously streamlining access to healthcare services in Brooklyn.