Regions
TODAY’S DEALS: HFF Secures Acquisition Financing for Washington Asset
Cumberland Holdings lands acquisition financing; a 160-bed skilled nursing facility trades for $8.2 million in Georgia; and NAI Hunneman’s investment sale group brokers a $1.7 million sale in Taunton, Mass.
MG Properties Buys Apartments in SoCal and NoCal
MG Properties Group, a private San Diego-based real estate investor and operator, has completed the acquisition of two multifamily properties, one in Temecula, in southern California, and the other in Daly City, in northern California.
MHN Interview: Mara Geltzeiler, SVP, Centerline Capital
Centerline Capital Group, a subsidiary of Centerline Holding Company, recently hired Mara Geltzeiler as senior vice president for its Mortgage Banking Group. Before joining Centerline, Geltzeiler worked for Freddie Mac in their Northeast Region.
Morgan Group Constructing 240-Unit Class-A Jacksonville Property
The Morgan Group, a Houston-based multifamily developer and property management firm, has begun construction on a 240-unit Class-A apartment community located in the Southside/JTB growth corridor in Jacksonville, Fla.
Seattle Apartments Open Half Leased
Jasper by Alta, a 91-unit apartment complex on 35th Ave. NE in Seattle, has opened after being under construction for a year. According to the developer, Wood Partners, the property opened more than half leased.
TODAY’S DEALS: 52-Story Condo Breaks Ground in San Fran
Principal, Urban Pacific begin a phase II condo project; Marcus & Millichap sells a 212-unit asset near Houston; and Walker & Dunlop closes on a $5.6 million loan.
Next Phase of Austin TOD Has Launched
Construction on Phase II of Midtown Commons, the Texas Capital’s first transit-oriented development, is underway.
Partners Buy New Dallas-Area Apartment Complex
The Praedium Group and Internacional Realty have joined forces to acquire the Residence at the Collection, a 312-unit multifamily property in metro Dallas, for an undisclosed price.
Trammell Crow Residential (TCR) Merges with GLJ Partners
Trammell Crow Residential and GLJ Partners recently announced a merger of the two firms.
TODAY’S DEALS: Pollack Shores Completes $23.6M Purchase in Orlando
Pollack Shores buys a 396-unit asset; Passco Companies acquires a property in Alabama; and Centerline Capital closes $46.7 million in loans for one borrower simultaneously.