Regions
Boston Capital Invests in Three North Carolina Affordable Developments
Boston Capital has invested in the construction of a trio of North Carolina affordable multifamily developments.
Boston Apartment Market Decidedly Tilted Toward Landlords
In its latest report on the Boston apartment market, real estate investment specialist Marcus & Millichap says that circumstances are not only in landlords’ favor, but will likely remain that way in the medium term.
JGB Rosenfeld Retail and The Bozzuto Group to Build ‘True Town Center’
JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million.
CNL Healthcare Trust Expands Senior Housing Portfolio with $226M Acquisition
CNL Healthcare Trust, Inc., a real estate investment offering focused on senior housing and healthcare real estate, purchased seven senior housing communities valued at nearly $226 million through a joint venture agreement with Sunrise Senior Living, Inc.
TODAY’S DEALS: Security Properties Acquires Two Seattle-Area Communities
Security Properties buys two communities; Beech Street Capital closes a $25 million Fannie Mae DUS loan; and KeyBank provides a bridge loan to meet a borrower’s aggressive time line, followed by a $67 million Fannie Mae mortgage to take out the loan.
MARKET SNAPSHOT: Strong Employment Boosts Demand in Denver, Sending Construction to Nine-Year High
The Denver metro area continues to outpace the rest of the nation in job growth, with employment rising 2.3 percent in the first half of 2012 alone.
IKEA’s Real Estate Arm to Build a New 26-Acre Neighborhood in Stratford, East London
London-IKEA’s real estate arm, LandProp Holding, will build a new 2,000,000-square-foot neighborhood just south of the Olympic Park in Stratford, east London.
TODAY’S DEALS: Archstone Begins First Asset in Berkeley
Archstone breaks ground in Berkeley, Calif.; Canyon Capital provides $27.4 million for a mixed-use project in Tampa; and Meridian Capital arranges a $15.9 million CMBS refinancing of a mixed-use portfolio.
‘Strategic Advantages’ to Wood Partners’ New Development in Charlotte
Wood Partners, a national multifamily developer and manager, has just broken ground on Perimeter Lofts, a 246-unit community in the Northlake area of Charlotte, N.C.
Chicago Developer Breaks Ground on Local Apartment Properties
M&R Development has broken ground on two Chicago-area multifamily properties, one in the city, and the other in north suburban Evanston.