Regions
TODAY’S DEALS: Mckinley Completes Third Ann Arbor Apartment Acquisition for 2012
McKinley purchases 120-unit community in Ann Arbor, Mich., and now owns more than 5,400 units in the region; and Johnson Capital arranges sub-4 percent, $14 million, refinance loans from bank that beat agency terms.
Advenir Acquires $49.1M Denver Community
Advenir, a multifamily real estate investment company, has acquired a 420-unit community in Denver for $49.1 million. The seller was Carmel Partners, who purchased and renovated the property in 2005.
Raymond James Tax Credit Funds Continues West Coast Expansion with New Office in Portland, Ore
Raymond James Tax Credit Funds (RJTCF), a national syndicator of affordable housing, announced the opening of a new office in Portland, Ore., with the hiring of Dan Wendle as vice president, director of acquisitions.
Luxury Rental Building Slated for Manhattan’s Upper West Side
A site on 61st St. on Manhattan’s Upper West Side will be the location of a new 43-story luxury rental tower to be called 21 West End Avenue.
Hickok Cole Architects Awarded ‘Firm of the Year’
At the AIA|DC Chapter’s 125th anniversary party on November 2, Hickok Cole received the “Firm of the Year” honor award from the Washington Architectural Foundation.
Partnership to Develop High-Rise in Portland’s Pearl District
Wood Partners, a national developer specializing in multifamily properties, and the locally based Hoyt Street Properties have inked a deal to develop a 250-unit high-rise tower in downtown Portland’s Pearl District.
Economy Watch: No Cliff Deal Over the Weekend
Congress came back after a short Christmas break, but as of Sunday night the solons hadn’t agreed to any plan of action to avoid the colorfully but not quite accurately named fiscal cliff.
Stratford Partners Acquires Award-Winning Colo. Community
Stratford Partners Real Estate, a Del Mar, Calif.-based private investment company, recently acquired an award-winning multifamily community in Lafayette, Colo., for $36.1 million.
TODAY’S DEALS: Steadfast Acquires Kentucky Property for $52.5M
Steadfast Income REIT completes a 436-unit buy; Crescent Resources begins its second student housing asset; and Macfarlane Partners acquires the last remaining vacant lot in San Francisco’s Mid-Market for $7.8 million.
Western National Buys Corona Apartments for $42M
Western National Realty Advisors, an affiliate of Western National Group, has acquired Parcwood Apartments, a 312-unit apartment complex in Corona in Riverside County, near the border with Orange County. The company paid $42.2 million for the property.