Regions
TODAY’S DEALS: Harbor Group Buys 568 Units in CBRE-brokered Sale
CBRE’s New York Institutional Group brokers a two-property Connecticut sale; Grandbridge brokers $24.5 million Miami rental apartment construction financing; and The Bascom Group closes the first acquisition under its new private capital program.
Foxford Communities Begins Sale of Ill. Luxury Apartments
Foxford Communities have begun sales at Clocktower Pointe, a 108-unit luxury condominium development in Countryside, Ill.
Berkadia Expands Mortgage Originations Capabilities with Acquisition of Keystone Commercial Capital
Berkadia Commercial Mortgage LLC announced the acquisition of Keystone Commercial Capital, a full-service commercial mortgage banking company headquartered in Phoenix.
TODAY’S DEALS: PCCP Provides Northland with $98M for Massachusetts Development
Northland Investment Corp. lands $98 million for a mixed-use development; NorthMarq refinances a student housing portfolio in Idaho; and HFF arranges an $8 million financing through Sun National Bank.
Boston Housing Project Redevelopment Completed
The second phase of the redevelopment of the Homes at Old Colony has been completed. The phase involved work on 129 residential units at the property, which is thought to be the nation’s oldest public housing project.
Greysteel Arranges Sale of Fredericksburg, Va. Community
Greysteel has announced that it has brokered the sale of a 200-unit affordable housing community in Fredericksburg, Va. The transit-oriented community, Townsend Square Apartments, was acquired by Federal Capital Partners for $18.8 million.
Auction.com CEO Named Finalist for EY Entrepreneur of the Year
Jeff Frieden, chief executive officer and co-founder of Auction.com, is a finalist for EY Entrepreneur Of The Year™ 2014 in the Orange County Region.
Dallas Luxury High-rise Bleu Ciel Slated For Fall Groundbreaking
Dallas-based global developer and investor Harwood International has announced it will break ground this autumn on Bleu Ciel, a 33-story luxury apartment tower expected to transform the growing Harwood district of Dallas.
Economy Watch: Home Values Still Rising, But Not As Fast
S&P Dow Jones Indices released the latest S&P/Case-Shiller Home Price Indices (based on data through March), which showed that the 10-City and 20-City Composite Indices gained 0.8 percent and 0.9 percent respectively month-over-month.
MassHousing Awards Grants for Sober Housing Development
The agency MassHousing has awarded two grants totaling $200,000 to two nonprofits to help them develop affordable “sober housing” in separate locations in Massachusetts, Fitchburg and Quincy.