Regions
Redeveloped Coop Adds 79 New Luxury Units to Elmhurst Neighborhood
Veteran developers Myles Horn, ABC Properties and Fisher Associates have unveiled 79 redeveloped units at The Continental Park in Queens, New York’s Elmhurst neighborhood.
TODAY’S DEALS: Weidner Makes Entry in Oklahoma with 324-Unit Purchase
ARA brokers the sale of a newly built asset in Oklahoma City; CBRE Global Investors grabs a 348-unit asset near Portland; and NorthMarq Capital finalizes a $12.4 million refinance.
Virtus Real Estate Capital and Aspen Heights Announce Joint Venture on New Student Housing
Virtus Real Estate Capital, a real estate private equity firm, and Aspen Heights, a student housing development and management company, have partnered to develop a 684-bed cottage-style student housing community, located close to the University of Oklahoma.
Leasing Officially Launches at NYC’s Prism at Park Ave. South
Leasing is underway at Prism at Park Avenue South, the new rental property from Equity Residential. Prism is the rental portion of the 40-story, architecturally significant hybrid rental-condominium tower designed by architect Christian de Portzamparc, winner of the acclaimed architectural Pritzker Prize in 1994, and renowned for bold and modern designs.
FS Energy Named Finalist in RISE : NYC Competition
FS Energy, the energy management and advisory subsidiary of leading property management firm FirstService Residential, has been named a finalist in the RISE : NYC competition, which recognizes innovative projects and technologies that will bolster the city’s buildings and infrastructure against future storms.
Economy Watch: New Home Sales Edge Up in September
The Census Bureau reported that the sale of new single-family houses nationwide came in at an annualized rate of 467,000 units in September, up 0.2 percent from August. The year-over-year increase is healthier, however, up 17 percent since September 2013.
Enterprise Makes $6M Tax Credit Investment to Preserve Philly Affordable Properties
Enterprise Community Investment has made a $6 million Low Income Housing Tax Credit deal to acquire, rehabilitate and preserve 92 affordable apartment units within four developments across scattered sites in Philadelphia.
Peak Campus Management Selected to Manage 20 Hawley Street
Atlanta-based Peak Campus Management has announced that it has been tapped to manage 20 Hawley Street in Binghamton, N.Y.
TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development
Canyon Capital Realty Advisors has provided $123.6 million for a 57-story luxury residential condominium development in the heart of Miami’s Financial District; and NorthMarq Capital’s Seattle office finalizes two multifamily transactions totaling $52.709 million.
Major Multifamily Portfolio in Dublin Brought to Market for $147M
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.