Regions
Maryland Multifamily Project First to be NGBS Silver Certified
The Haven at Odenton Gateway has obtained a National Green Building Standard silver certification for a multifamily project. It’s the first development in the state of Maryland to earn such a certification.
Granta Park is BioMed Realty Trust’s Point of Entry into Europe
BioMed Realty Trust, the San Diego-based REIT that handles biotechnology and pharmaceutical industry properties, has recently made a move on the European market with the purchase of a research community comprising 11 laboratory and office buildings.
KBS Legacy Partners Purchases Chicago Suburban Property
New apartment community supply has been constrained in and near the Chicago suburb of Lombard, Ill., in recent years. That made Martin’s Point an attractive acquisition target for KBS Legacy Partners Apartment REIT.
Florida Apartment Complex Wins $19M Refi
Epoch Properties recently secured a seven-year, $19.3 million fixed-rate loan for Wildflower Apartments, a 201-unit apartment property in Gainesville, Fla.
TODAY’S DEALS: Bluerock, Bell Partners Grab a Tennessee Asset
Partnership buys a 252-unit asset; Gerson Bakar & Associates complete a 300-unit acquisition near Portland, Ore.; and Alliant Capital completes loan with a 3.81 percent interest rate.
California Affordable Housing Fund Closed by WNC
WNC, a national investor in community renewal and affordable housing projects, has closed WNC Institutional Tax Credit Fund X, California Series 10. The $50 million multi-investor Low Income Housing Tax Credit (LIHTC) fund will finance eight affordable housing projects.
TODAY'S DEALS: HFF Completes $57M Atlanta Sale
HFF closes the sale of an Atlanta asset to TA Associates Realty; The Cantrell Co. brokers the sale of a distressed asset in Dallas; and NorthMarq Capital’s Greg Duvall completes four market-rate financings through AmeriSphere.
California Developer Says ‘No’ to Smoking in Apartments
Towbes Group has imposed a no-smoking policy in the 13 multifamily properties it manages in California.
Aragon Makes First Foray into Florida With Apartment Buy
Aragon Holdings has bought the 373-unit Abaco Key Apartment Homes near the Walt Disney World Resort, representing an investment of about $250 million.
Bangkok Gets New Luxury Mixed-Use Buildings
Major developers are showing confidence in Bangkok, the capital city of Thailand. An array of mixed-use projects has started to shape the skyline of Asia’s City of Angels.