Regions
TODAY’S DEALS: Senior Living Investment Brokerage Closes Two Sales Totaling $24.5M
Senior Living Investment Brokerage completes two sales; Prometheus obtains new fee-management account; and Raymond James provides tax credit equity.
Prism Capital Gets Green Light for Adaptive Reuse Project
Bloomfield, N.J.–The site plan has been approved for the first phase of Prism Capital Partners’ multifamily adaptive reuse project that will occupy more than 20 acres in Bloomfield.
TODAY’S DEALS: Forest City Sells Interest in L.A. Apartment Property
Forest City Enterprises Inc. sells 50 percent interest in 264-unit apartment property; Charles Dunn Company closes the sale of a 26-unit apartment complex for $2.8 million; and Hendricks & Partners brokers the sale of an affordable seniors apartment property.
Donatelli Has Funding to Proceed with TOD Apartments in D.C.
Washington, D.C.–Donatelli Development has obtained equity financing for the next phase of its Highland Park development, a 144-unit apartment building.
$1B Sonoma Mountain Village Garners LEED-ND Certification
Rohnert Park, Calif.–Sonoma Mountain Village, a $1 billion mixed-use green community near San Francisco, will ultimately feature 951 apartments and condominiums and a bevy of commercial offerings.
Archstone Breaks Ground on TOD Apartments in Suburban D.C.
Gaithersburg, Md.–Archstone has broken ground on a 389-unit apartment complex plus retail space in a a D.C. suburb.
TODAY’S DEALS: NAI Tampa Bay Brokers Sale of Oasis Grand Tower
NAI Tampa brokers sale of Oasis Grand tower to Lofton Islands Holdings; The Donaldson Group closes on acquisition and renovation refinancing for a 459-unit community; and Marcus & Millichap brokers sale of mnufactured housing community for seniors.
San Bernardino Apartments to Be Reborn as Affordable Seniors Housing
San Bernardino, Calif.–Meta Housing Corp. has closed escrow on the 119-unit Sunset Cove Apartments, with plans to relocate the current tenants, rehab the property and convert it to affordable housing for seniors.
Financing Comes Together for Suburban Milwaukee Luxury Apartment Redevelopment
Wauwatosa, Wis.–HSI Properties teams with the Federal Housing Administration and AG Architecture to bring sought-after high-end apartments to suburban Milwaukee with The Enclave.
TODAY’S DEALS: CB Richard Ellis Brokers Sale of $112.5M Apartment Community
CB Richard Ellis sells 415-unit New Brunswick, N.J. apartment complex; Essex Realty Group brokers sale of $4.4 million vintage Chicago apartment; and Helios Capital completes non-performing loan transaction.