Regions
TODAY’S DEALS: Greystone Provides $38.8M for San Antonio Asset
Greystone refinances a 360-unit asset; Boston Capital provides financing for an Affirmed Housing project; and Capstone lands management contracts for seven properties in Greater Houston.
Pacific Urban Residential Acquires California’s Villas La Costa
Pacific Urban Residential has acquired the 24-unit Villas La Costa apartment community in Carlsbad, Calif., from San Diego-based Oram Properties.
Presidio Landmark Apartments Honored by National Trust
A 154-unit adaptive reuse project by Presidio Trust and Forest City has received The National Trust/Advisory Council on Historic Preservation’s Award for Federal Partnerships in Historic Preservation. The conversion was designed by Perkins+Will.
Wood Partners Sees a Strong Lease-Up in Charlotte
Wood Partners has opened Perimeter Lofts, a new 246-unit apartment community in the heart of the booming Northlake area of Charlotte, N.C.
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