Regions
Institutional Buyer Pays $99M for Stamford Apartments
Clarion Partners has acquired Infinity Harbor Point, a 242-unit apartment high rise in Stamford, for $98.8 million.
MNS Begins Sales of Williamsburg Townhomes
MNS, a real estate brokerage firm specializing in New York City residential properties, was named the exclusive sales and marketing agent for the Williamsburg Townhomes by developer, Magnum Real Estate Group
MARKET SNAPSHOT: Seattle on a High Due to Low Unemployment and Vacancies
Seattle’s recent emergence as one of the most intriguing real estate markets in the United States is in no small measure the result of the influence of major corporate presences such as Microsoft and Amazon.
Downtown Denver Condo Tower Selling Again
Condos are in demand again, if the rate of sales at SPIRE, a for-sale multifamily high rise in Denver, is any indication.
TODAY’S DEALS: Oak Grove Provides $55.6M for Three Twin Cities Properties
Oak Grove Capital provides three loans to Bigos Management; Toronto-based Starlight buys 216-units in North Dallas; and NorthMarq Capital arranges $19.5 million mortgage for refinance, use conversion of seniors housing.
CIM Group Acquires L.A. Community
CIM Group announced that it has acquired a recently renovated 168 high-rise community in the Koreatown neighborhood of Los Angeles.
Economy Watch: Home Prices Rise Everywhere
U.S. residential prices continued their upward climb in May, according to the latest S&P/Case-Shiller Home Price Indices.
Construction Begins on Houston’s Alta Westheimer
Ground has been broken on Alta Westheimer, a 133-unit luxury apartment community in west Houston.
TODAY’S DEALS: NGKF Capital Markets Completes Phoenix Sale
NGKF completes a 275-unit sale; UC Funding structures and funds a $9.9 million acquisition bridge loan for two Norfolk, Va., redevelopments; and Alliant Capital provides a $28.4 million FHA 223(f) loan.
San Diego Solar-Powered Apartments Lease Up Quickly
Solterra EcoLuxury Apartments, which has been open for 10 weeks, reports full occupancy. The 114-unit property is distinctive for being the first apartment community in San Diego County that’s fully photovoltaic.