Regions
New Apartments Planned for Former Retail Site in Glendale
Glendale, Calif.–American Post Development has formed a joint venture with a BlackRock-managed fund to develop the 208-unit Broadway Lofts in Glendale’s entertainment district.
TODAY’S DEALS: Johnson Capital Arranges $19M in Multifamily Loans
Johnson Capital arranges $19 million in two multifamily loans; Berkadia originates $42.36 million for an apartment high-rise; and Mortgage Equicap closes fiancning for two Queens, N.Y. apartment buildings.
TODAY’S DEALS: Hendricks & Partners Sells 112-unit Calif. Community
Hendricks & Partners sells a 112-unit Calif. community for $20M; Mortgage Equicap arranges high cash-out for client; and Marcus & Millichaps sells Texas Tech student housing property.
New Company Bridges Gaps in Temporary Corporate Housing Market
Nomad Temporary Housing launched this month, filling the void for those searching for temporary accommodations.
TODAY’S DEALS: Broad Street Advisors Arranges Financing for Dallas Project
Broad Street Advisors arranges financing for mixed-use Dallas project; AREA invests in a $100M apartment recapitailization; and NorthMarq Capital inks $31 million mortgage for Alabama student housing.
The Role of Affordable Housing in Stimulating the Economy
A study by the Center for Housing Policy shows that affordable housing can create jobs, stimulate the economy and give back to the tax base.
Manhattan Apartment Tower Is Already Turning Heads
New York–Less than a week after the commencement of leasing, The Continental is creating quite a stir in Manhattan’s Sixth Avenue Corridor.
TODAY’S DEALS: Ironshore Capital Purchases Florida Waterfront Condominium
Ironshore Capital purchases a Florida waterfront condominium; HFF completes $240M in Washiginton, D.C. sales; and NorthMarq arranges $24M for 282-unit Maryland property.
200 Squared Debuts as Green Architectural Gem in Chicago’s Loop
Chicago–200 Squared, a 42-story apartment property, was developed to be one of the greenest residential high-rises in the Loop.
TODAY’S DEALS: IPA Brokers Sale of Florida Properties for $63.6M
IPA brokers the sale of two multifamily assets totalling $63.6M; KeyBank provides $71.9M in refinancing to four Texas properties; and Cortland acquires condos through “friendly” foreclosure.