Regions
Slender NYC Condo Tower Designed by Ismael Leyva Architects to be ‘Tribeca Royale’
The condo development previously known as 19 Park Place has been rechristened as Tribeca Royale Condominium. The property will rise 21 stories near the World Trade Center in Lower Manhattan.
TODAY’S DEALS: Griffis Residential Enters Las Vegas Market with $41.1M Buy
ARA brokers Griffis Residential’s first Vegas acquisition; Marcus & Millichap arranges the sale of a 696-unit portfolio in Ohio; and Centerline Capital Group completes a $7 million refinance of a Brooklyn, community.
Trammell Crow Company to Build Illinois TOD
Trammel Crow Company announced that it has acquired four buildings on 2.7 acres in Glenview, Ill., including the current local fire department. The company plans to demolish these buildings and build a mixed-use multifamily community called Midtown Square.
Berkeley Point Capital Expands Seniors Origination Team with the Hiring of Philip Hoffman
Philip Hoffman recently joined Berkeley Point Capital LLC as director, seniors and healthcare loan originations.
Gebroe-Hammer Orchestrates Sale of Two Pennsylvania Communities for a Total of $4.94M
Gebroe-Hammer Associates, a Livingston, N.J.-based firm, represented two sellers of multifamily properties in separate transactions in southeastern Pennsylvania totaling a combined 51 units that sold for $4.94 million.
Most Commercial/Multifamily Delinquency Rates Decline in Q1
Delinquency rates for commercial and multifamily mortgage loans generally declined in the first quarter of 2013, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
Kayne Anderson Buys St. Louis Student Housing
Kayne Anderson Real Estate Advisors has acquired four properties in St. Louis. The portfolio consists of three adjacent apartment buildings totaling 406 units, and a 746-space parking garage. The buyer did not specify a purchase price.
Hanover Pacific Breaks Ground on Mixed-Use Student Housing Community
Hanover Pacific has broken ground on a mixed-use, 173,000-square foot graduate student housing community near Western University of Health Sciences, a private, non-profit graduate school for health professionals in Pomona, Calif.
TODAY’S DEALS: MAA and Colonial Properties Trust to Merge
MAA & Colonial Properties to merge in an 85,000-unit REIT; Post Properties closes on a $48.6 million buy in Orlando, Fla.; and Meridian Capital negotiates financing for mixed-use and multifamily properties in New York.