Regions
TODAY’S DEALS: IPA Lands Listing Rights for Long Beach Asset
IPA lists a 206-unit property; NorthMarq Capital arranges a $21.1 million construction/perm loan and $10.2 million in joint venture financing for Dallas property; and Hudson Realty Capital funds a $6 million construction loan in Brooklyn, N.Y.
Kennedy Wilson Buys SoCal Multifamily Property for $43.7M
Kennedy Wilson, along with unnamed partners, has acquired Torrey Pines, a 251-unit multifamily property in West Covina, for $43.7 million.
Walker & Dunlop Closes Loan for California Apartment Community
Walker & Dunlop recently closed a $74.4 million Fannie Mae supplemental loan for Bella Vista Apartments, a Class A apartment community in Santa Clara, Calif.
Palace Hotel Tokyo Aims to Bring a New Brand of Luxury to the Japanese Capital
The city of Tokyo now has an exciting new addition to its hospitality market with the opening of the Palace Hotel Tokyo, a 290-room venue.
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
TODAY’S DEALS: Manhattan Luxury Asset Trades for $280M
Equity Residential acquires The Beatrice in Manhattan for $280 million; Pierce Education refinances a 792-bed asset in Oklahoma; and Berkeley Point Capital provides a Freddie Mac CME five-year, interest-only, adjustable-rate mortgage.
Kennedy Wilson Acquires 544-Unit Multifamily Community
Kennedy Wilson, an international real estate investment firm, recently acquired a 544-unit multifamily community in Hayward, Calif. The property, called the Waterford, was purchased for $86.5 million, with $68.1 million in financing from Freddie Mac.
Ground Broken on Apartments in North Bethesda
Ground has been broken for Aurora, the second residential phase of North Bethesda Center at the White Flint Metrorail.
Sterling Parc at Middletown Proclaims Leasing Success
The first building at Sterling Parc at Middletown is now fully leased.
Ground Broken for New Affordable Housing Development in Santa Clara
The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.