Regions
TODAY’S DEALS: BPG Properties Sells 200-Unit N.C. Asset for $16.2M
BPG Properties Ltd. has sold Madison at Treybrooke for $16.2 million; Voit completes sale of fully leased condo project; and Gerding Edlen acquires two California properties under development.
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing, a nonprofit affordable housing specialist, has broken ground for Foothill Farms Senior Apartments in Sacramento. The property will feature 138 affordable apartments and community space in four buildings, with a slated completion in July 2012.
Heller Appointed as Green Growth Councilor
San Francisco–Jeffrey Heller, FAIA, president and founder of Heller Manus Architects, has been appointed to the Green Growth Leaders’ Council, an international alliance of leaders dedicated to accelerating the green economy.
Ground Broken for Mixed-Use CityCenterDC in Heart of D.C.
Washington, DC–Hines and Archstone broke ground this week on the CityCenterDC development, a mixed-use project on 10 acres in downtown Washington.
Development of $1B Mixed-Use Project in Northern Virginia Begins
McLean, Va.–Development of One Loudoun, a sprawling 358-acre master-planned community in McLean, Va., has officially gotten underway.
TODAY’S DEALS: IPA Sells $27.6M Property in Connecticut
IPA sells a 192-unit Connecticut property for $27.6 million; Cushman & Wakefield brokers a $14 million trade in Westchester, N.Y.; and NorthMarq arranges $15 million in combined first-mortgage financing.
Affirmed Housing Group Breaks Ground on Affordable Apartments in L.A.
Los Angeles–Affirmed Housing Group makes its debut in Los Angeles with the ground breaking on the 60-unit green property, Lotus Garden Apartments.
Champion Plans Hollywood TOD Project
Hollywood, Calif.–West Los Angeles-based Champion Real Estate Co. has bought a five-building, mixed-use complex in Hollywood out of receivership for $20 million.
TODAY’S DEALS: Raintree Partners Acquires 270-Unit Property in Burbank for $43M
Raintree Partners aquires a 270-unit Burbank property in Burbank, Calif.; Red Capital Markets provides $19M in tax credit equity; and Oak Grove Capital recently originated $20.7 million for two seniors housing communities.
JLL Secures South African Acquisition
London and Johannesburg–Jones Lang LaSalle announced the formation of Jones Lang LaSalle South Africa following the acquisition of one of the country’s leading corporate property service providers, Bradford McCormack & Associates.