Regions
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.
Ingerman Announces Leasing Underway at New East Crossing
Applications are being accepted at New East Crossing, a new apartment community featuring upscale yet affordable apartments in North East, Md.
TODAY’S DEALS: Greystone Closes $38.8M CMBS Deal
Greystone closes a CMBS loan for an Ohio owner; National Health Investors acquires a seniors living campus in Alabama; and Meridian Capital negotiates $78.1M in financing for properties in NYC.
Emporis Skyscraper Award 2012 Goes to Canada’s Absolute World Condominium Complex
The Absolute World residential towers in the Toronto suburb of Mississauga have garnered the prestigious Emporis Skyscraper Award, one of the most highly regarded prizes for high-rise architecture.
Korea Land & Housing Corp. to Develop South Korean Skyscraper
Infinity Tower, a new skyscraper in Seoul, South Korea, will be developed with the backing of state-owned developer, Korea Land & Housing Corporation, according to World Property Channel.
Greystar to Acquire Portfolio of Student Housing Assets in the United Kingdom
Greystar Real Estate Partners announced that the company, in partnership with Goldman Sachs, has entered into an agreement to purchase a portfolio of UK student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.
Bascom Group Acquires Northwest Las Vegas Property
The Bascom Group has acquired Broadstone Montecito, a 336-unit, Class-A, garden style community in Las Vegas.
Bosa Development to Sell 350 Residences at Insignia Development in Seattle
Residences in the Northwest’s largest condo development, Insignia, are now on the market after Bosa Development kicked off the sales for its first 350 units to potential buyers from its Sales Center in Seattle last weekend.
Economy Watch: Pending Home Sales Edge Down
According to the National Association of Realtors, the Pending Home Sales Index, a forward-looking indicator based on contract signings (but not closings), dropped to 107.7 in August from a downwardly revised 109.4 in July.