Regions
Harbor Group Buys DFW Apartment Community
Harbor Group International has acquired the 660-unit Forest Ridge apartment community in Arlington, Texas, a major suburb in the Dallas-Fort Worth Metroplex. The property is currently 93.5 percent occupied.
Economy Watch: Close But No Cigar
As of Monday night, the debt-ceiling standoff was reportedly close to resolution—at least if word from the various top Senators involved could be taken at face value—but no resolution had been achieved.
WinnResidential and WHA Team on $16.8M Renovation of Morris Heights Affordable Housing
WinnResidential, in partnership with the Workforce Housing Advisors and Community Preservation Corporation, has completed a $16.8 million renovation of 1520 Sedgwick Ave., in the Bronx’s Morris Heights neighborhood.
Laramar Group Names Devon Bergman Senior Project Manager for Midwest Region
The Laramar Group, a national real estate investment and management company, announced the hiring of Devon Bergman as senior project manager for the Midwest region. She will be based in the company’s Chicago office.
Auction.com to Sell $600 Million in Performing Multifamily Loans
Auction.com has been retained as the exclusive loan sale advisor for the sale of 447 performing multifamily loans with an unpaid principal balance of $601.3 mil
TODAY’S DEALS: Security Properties Buys 584 Apartment Units in Portland
ARA brokers a $64.5 million apartment portfolio sale in Portland; Newmark Grubb Knight Frank closes a three-property acquisition in Georgia; and IPA arranges a 121-unit purchase in Stamford, Conn.
Global One Real Estate Fund Acquires Promenade Apartments
Robert Nelson’s Global One Real Estate Fund, in conjunction with the NYAH Preservation Fund II, a joint venture between Citi Community Capital and L+M Development Partners, has acquired Promenade Apartments, a 318-unit, 32-story apartment community overlooking Manhattan’s Harlem River.
Economy Watch: No Debt-Ceiling Debt Yet
A debt-ceiling and shutdown deal seemed possible on Friday, but things seemed to go retrograde over the weekend.
JV Begins Work on San Diego Apartments
A joint venture between Behringer Harvard Multifamily REIT I Inc and KNR Mission Gorge LLC has started construction on Mission Gorge, which is the tentative name for a multifamily property in the East Mission Valley submarket of San Diego.
TODAY’S DEALS: Tampa Apartment Community Trades for $32M
IPA completes a 340-unit sale; BankUnited provides $30 million to refinance a property in Queens, N.Y.; and HFF closes a $35 million sale of a development site in Manhattan’s Hudson Yards.