Regions
Feng Shui-Certified Long Island City Condo Sells Out
The Vista, a 48-unit condo development in Long Island City developed by Lions Group and Emmy Homes, has completely sold out. Feng Shui played a big role.
Economy Watch: Did the Stimulus Stimulate the Economy?
The Congressional Budget Office examines the impact of the federal stimulus on its fifth anniversary, and both overseas stocks and commodities see an uptick on Presidents’ Day.
TODAY’S DEALS: Equity Residential Sells Atlanta Apartment to CBRE Global Investors
JLL brokers Equity Residential’s sale of an Atlanta apartment community; Greystone closes a $60.5 million bridge loan in Georgia; and NorthMarq Capital provides refinance loans totaling $17.4 million for two apartments in Minnesota.
Bell Partners Completes Alexandra Apartment Complex
The property, located outside of the Metro DC Beltway, is part of the Potomac Yard Master Development and is not far from the Braddock Metro station. The Potomac Yard site is a 295-acre tract in the northeast part of the city, formed out of a former railroad yard.
Silverstone Property Group Sells 247 East 28th Street
Owner-developer and affiliate of Madison Realty Capital, Silverstone Property Group has sold 247 E. 28th St., also known as The Grayson, for $99.7 million.
TODAY’S DEALS: JV to Renovate 1.5 MSF Dallas Tower
A joint venture acquires vacant Dallas office tower with the intent to convert; a 204-unit, Class A apartment trades for $11.3 million in Ohio; and $2.76M in acquisition financing is closed under Fannie Mae’s Small Loans program
Centerline Capital Unveils New Healthcare Lending Platform
Centerline Capital Group has announced the addition of a national healthcare lending platform. The new program will fund a variety of multifamily healthcare related projects such as community-based residential care, assisted living, memory care and nursing homes.
TODAY’S DEALS: Marcus & Millichap Arranges $14.2M Sale in LA
Marcus & Millichap represents the private buyer and seller in a 71-unit sale; Heritage Capital enters a value-add play in Charlotte; and Eastern Consolidated arranges the sale of a mixed-use property in Tribeca.
Wood Partners Opens North Carolina Apartment Property
The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development.
Hartz Buys 266-Unit Apartment in Austin
CBRE represents Hartz Mountain Industries in the acquisition of a 266-unit apartment in Austin’s central business district.