Regions
Brooklyn to Get Hotel and Condos in One Community
Recently, Toll Brothers City Living and Starwood Capital Group announced that they have been selected to develop a luxury and eco-friendly hotel called 1 Hotel, and condominium community at the Brooklyn Bridge Park.
CNL Healthcare Trust, Sunrise Senior Living Form JV
CNL Healthcare Trust Inc. and Sunrise Senior Living Inc. have formed a joint venture to own seven seniors housing properties.
TODAY’S DEALS: Dickinson Moves Ahead with $65M Project
A mixed-use project gets the green light; Venture West arranges a $10.1 million acquisition loan; and ARA represents the buyer in the acquisition of a 4.18-acre site in a master-planned community.
San Jose’s Cypress Gardens Re-opens Thanks to HACSC
The Housing Authority of the County of Santa Clara has rehabilitated and upgraded the 125-unit senior citizen housing community, Cypress Gardens, in San Jose, Calif., thanks to a creative partnering of public and private parties.
TODAY’S DEALS: CBRE Purchases 350-Unit Asset in Colorado
CBRE Global Investors buys a 350-unit asset; Kennedy Wilson acquires a SoCal property for $43.7 million; and investors show high level of interest in a Transwestern-brokered Dallas property sale.
$22 Million Investment for Boston Transit-Oriented Development
Tremont Realty Capital, a national real estate investment and advisory firm, recently secured funding for the acquisition and development of Metro at Wilmington Station.
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.