Regions
Wood Partners Moves Forward with Construction in Germantown, Md.
Wood Partners has broken ground on Alta Liberty Mill, a $60 million, 304-unit community in Germantown, Md.
TODAY’S DEALS: Centerline Arranges $186M for Texas Portfolio Acquisition
Centerline provides financing for a nine-property purchase by Gaia Real Estate; Behringer Harvard and PGGM expand their co-investment relationship; and Houlihan-Parnes brokers a $600,000 non-recourse refinance loan carrying a five-year term.
Newcastle Acquires $1B Seniors Housing Portfolio From Holiday
Newcastle Investment Corp. completes a $1 billion acquisition of 51 independent living seniors housing properties from an affiliate of Holiday Acquisition Holdings.
TODAY’S DEALS: Transwestern Completes 272-Unit Houston Sale
Transwestern closes a Houston sale in 14 days; NorthMarq funds $16.6 million for an acquisition in Oregon; and Lee & Associates transacts a 41-property investment sale in California.
Newgard Breaks Ground on 352-Unit Condo in Downtown Miami
The first condominium to be built in Miami’s central business district in five years has broken ground.
Tryko Partners Acquires Affordable Housing Community in Pennsylvania
New Jersey-based Tryko Partners acquires an 86-unit affordable housing community in Leechburg, Pa.
TODAY’S DEALS: Berkshire to Acquire Two Apartment Assets for $120M
Berkshire Income Realty to acquire 588 units; Hudson Capital Investments buys a community outside Houston; and Beech Street Capital provides $7.4 million for a Florida acquisition.
Crescent Developing 556-Acre Master-Planned Asset Outside Charlotte
Crescent Communities is developing a 556-acre, master-planned community in York County, S.C., that is the company’s first new residential project in the Charlotte area in five years.
Philly Investor GoldOller Buys 1,200 Units in Metropolitan Atlanta
GoldOller Real Estate Investments acquires six rental properties in metropolitan Atlanta in a transaction valued at $87.3 million.
Economy Watch: New Home Sales Down in November
Single-family sales dip in November, while durable goods orders surge 3.5 percent. More good news comes from The Federal Reserve Bank of Philadelphia, which reports that its coincident indexes for November increased in 46 states.