Regions
MARKET SNAPSHOT: Indianapolis Fundamentals Remain Strong; Investors Seek All Asset Classes
Indianapolis–Indianapolis is doing well, from an economic standpoint. Both the city and the state of Indiana have balanced budgets, points out George Tikijian III, CCIM, senior managing director of Tikijian Associates, who asserts that the state is performing better than most others in the Midwest.
Post Properties First to Introduce Electric Car Charges to Atlanta’s Multifamily Industry
Post Properties are installing two electric vehicle charging stations at Post Alexander, a luxury community in Georgia.
Seniors Housing in Charlotte Near Completion
Work is nearly complete on the $13 million Steele Creek seniors community in Charlotte, N.C., according to developer Wood Partners.
TODAY’S DEALS: Red Mortgage Capital Completes $29.3M Financing
Red Mortgage Capital completes a $29.3 million financing for a Bell Partners acquisition; Grosvenor’s $100 million residential fund is fully invested; and Lee & Associates’ Berzack Group closes three transactions in Los Angeles County.
TriBeCa’s Newest Luxury Property Launches Sales
With the unveiling of two model residences, sales are underway at Reade57, a dynamic new luxury condominium development gracing New York City’s avidly sought and very pricey TriBeCa neighborhood.
Tahl Works with Housing Agency on Expansion of Harlem’s Lexington Gardens
Tahl Propp Equities moves forward with long-held plans to expand its Lexington Gardens affordable housing community in Harlem.
TODAY’S DEALS: Greystar Picks Up 500-Unit Community in Minneapolis Suburb
Greystar purchases a community in Minnesota for $54.7 million; Beech Street Capital provides $13.8 million in Fannie Mae loans for three Texas communities; and Centerline Capital closes a $11.9 million multifamily refinance in 30 days.
Redevelopment Planned for Willets Point
Several companies have started to bid on the first phase of redevelopment of Willets Point in Queens, New York.
JV Breaks Ground on Apartments Near Expanding Ft. Belvoir
Ground has been broken for Bainbridge River Oaks Apartments, a 294-unit apartment property in Woodbridge, Va., near the Ft. Belvoir military base.
TODAY’S DEALS: CBRE Arranges $78.7M for Virginia Acquisition
CBRE Capital Markets arranges a $78.7 million mortgage for a Virginia acquisition; McCann Realty Partners buys a community in Fort Worth, Texas; and rarely traded properties totaling $30.43 million in asking price hit the market in Cleveland.