Regions
TODAY’S DEALS: Peak Capital Partners Acquires a 434-Unit Apartment in Denver
Peak Capital Partners acquires a Denver asset from Prime Residential; Centerline Capital finances a Houston acquisition; and HFF arranges a $62.4 million construction loan for condo development in Manhattan’s Greenwich Village.
TODAY’S DEALS: Ytech Acquires Five Communities for $35M
Ytech International acquires 1,312 units in Houston; NorthMarq Capital secures $24.1 million for a Houston acquisition; and Arbor Commercial announces its New York office funded $79M in loans.
DelShah Capital Completes a $26.8M Buy in NYC’s West Village
DelShah Capital has acquired 37 units in New York’s West Village from Stone Street Properties.
Sales Open on Sarasota’s First Waterfront Residential Community Since 2006
Sales have commenced on residences at Sarsota’s first waterfront residential community since 2006.
TDI Real Estate Commences Construction on Jefferson Las Colinas in Dallas
Construction has started on Jefferson Las Colinas, a 386-unit luxury multifamily community in Las Colinas, a submarket of Dallas. TDI Real Estate is developing the community.
The Mark Company Appoints Geoffrey Herrick as Partner
The Mark Company, an urban residential marketing and sales firm, announced Geoffrey Herrick has joined the firm as partner. He was previously senior director, residential sales and marketing at Tishman Speyer Properties.
Miami’s Newgard Development Group Wins Latin Builders Association 2013 ‘Developer of the Year’ Award
The Latin Builders Association® (LBA), the largest Hispanic construction association in the United States, recognized Miami-basedreal estate development firm Newgard Development Group with the 2013 “Developer of the Year” award.
TODAY’S DEALS: Canyon Catalyst Fund Acquires a Pair of Bay Area Apartments
The Canyon Catalyst Fund and Sack Properties buy two Bay Area apartment assets; Coseo Properties completes a Michigan multifamily acquisition; and BMC completes an $18.5 million cash-out refinance in a tertiary market.
Development Projects Keep Related of Florida Busy
The Related Group’s current apartment developments include the following: Pierhouse Construction complete, and the project is in lease up. Pierhouse is a 356 unit apartment development which will be constructed in four four-story stick frame buildings with 4,800 leasable square feet of retail and will be parked by two separate four story precast concrete parking garages. The project will have six unit types, which includes 33 studios, 186 one bedrooms and 133 two bedrooms. The project is designed by MSA Architects and includes an expansive pool/sun deck area, unique Urban Pathway, gym, spa, event meeting/dining room, a double-height club lounge…
Virginia Apartment Property Wins First-Ever Award From NAHB
The National Association of Home Builders has awarded Cambria at Cornerstone, a new 420-unit multifamily property in Virginia Beach, its first-ever “Best Lifestyle Programming” award for a multifamily property.