Regions
On the Market: 5 Interesting Listings for the Week of 7/31
This week’s listings include a vintage schoolhouse converted to a multifamily property and a prospective 15-unit, beach-adjacent loft development in California.
Continental Partners Secures $19M for L.A. Assets
The capital will finance development, refinancing and acquisition of properties in the Westlake and East Hollywood neighborhoods.
HFF Finances 2 Denver Communities
Working on behalf of Mountain View Capital LLC, HFF secured the financing for Coronado Crossing and Valley Park Village. The Denver properties feature 430 units in total.
Granite Investment Buys OR Memory Care Portfolio
Avalon Health Care Group will manage the two facilities, which mark Granite’s first Oregon deal.
JV to Develop $110M SLC Community
Giv Group and Domain Properties will transform a two-acre parcel into The Exchange, a nine-story development that will include market-rate, affordable and micro units, as well as office and retail space.
JV Snags $90M DC-Area Portfolio
Besyata Investment Group and The Scharf Group purchased The Communities at Arbor Vista in the Washington, D.C., submarket of Adelphi, Md. The partnership plans to modernize both the amenities and units.
Manhattan’s Beekman Tower Lands $70M Refi
Meridian Capital Group arranged the 10-year CMBS loan for the 26-story Art Deco building. The property recently underwent a $24.2 million renovation to reposition it as corporate housing.
Berkadia Taps Senior Housing Lead
With nearly two decades of industry, Tim Cobb joins the firm’s D.C. office as managing director & senior housing and health care investment sales lead.
ReyLenn Properties to Open $60M Denver Community
Solana Lucent Station will be opened in anticipation of the Southwest Line Extension in Highlands Ranch, Colo., which is home to major employers such as Children’s Hospital Colorado, Skyridge Medical Center and VISA.
Cush & Wake Secures $40M Loan for Nashville-Area Community
Middleburg Real Estate Partners plans to build a 328-unit apartment property in Franklin, Tenn. Mike Ryan, Telly Fathaly and Brian Linnihan of Cushman & Wakefield’s Atlanta team originated the senior debt as well as the joint venture equity.