Regions
New Apartments to Rise in Miami Where Condos Were Planned
Lynd Development and LNR Property have acquired the development (air) rights for a residential development in Miami from Skyline Equities Realty.
Braxton Development Breaks Ground on Phase II of Their Class-A Community
Ground has been broken on the second phase of the Willow Creek Apartment Homes in Jonesboro, Ark.
TODAY’S DEALS: Braxton Begins Second Phase of Arkansas Asset
An Arkansas asset gets a second phase; The Infinity Group sells a community in Louisville, Ky., for $22.5 million; and Berkeley Point Capital supplies $52.32 million in Fannie Mae financing for a student housing property.
SoCal’s Park Place Apartments sells for $10.2 Million
The 22-year-old, 61-unit Park Place Apartments in the northwest Los Angeles community of Canoga Park has sold for $10.2 million.
Economy Watch: QE3 Arrives
QE3 turned out to be a different creature than the preceding quantitative easings. Instead of a concentrated stimulus in the form of bond purchases, the Fed has decided to beat the drum steadily.
Hilton Worldwide Continues South American Expansion with New Hilton Garden Inn Tucuman
Hilton Worldwide recently announced the signing of a multi-year management agreement to operate a Hilton Garden Inn hotel in San Miguel de Tucuman, Argentina.
California REIT Buys Fourth Louisville Apartment Property
Steadfast Income REIT Inc. has spent $15.1 million to acquire Valley Farms Apartments, a 160-unit garden-style apartment complex in Louisville. The property was built in 2007 and is 97 percent occupied.
Millersville University Announces $180M Student Housing Replacement Initiative
In May 2013, work will begin on a $180 million public/private partnership to build eight new residence halls for Millersville University, which will eventually replace the current residence halls.
TODAY’S DEALS: Lyon Breaks Ground on Santa Ana Luxury Asset
Lyon Communities begins a 300-unit asset; Beech Street Capital provides $152 million to Archstone to refinance an asset in Maryland; and NorthMarq Capital secures a $20 million, five-year take-out loan from a life company.
Basingstoke Retail Center Festival Place is Acquired by TIAA-CREF
TIAA-CREF has recently announced the purchase of a massive retail property in England from privately owned property group Grosvenor.