Regions
TODAY’S DEALS: Greystar Picks Up 500-Unit Community in Minneapolis Suburb
Greystar purchases a community in Minnesota for $54.7 million; Beech Street Capital provides $13.8 million in Fannie Mae loans for three Texas communities; and Centerline Capital closes a $11.9 million multifamily refinance in 30 days.
Redevelopment Planned for Willets Point
Several companies have started to bid on the first phase of redevelopment of Willets Point in Queens, New York.
JV Breaks Ground on Apartments Near Expanding Ft. Belvoir
Ground has been broken for Bainbridge River Oaks Apartments, a 294-unit apartment property in Woodbridge, Va., near the Ft. Belvoir military base.
TODAY’S DEALS: CBRE Arranges $78.7M for Virginia Acquisition
CBRE Capital Markets arranges a $78.7 million mortgage for a Virginia acquisition; McCann Realty Partners buys a community in Fort Worth, Texas; and rarely traded properties totaling $30.43 million in asking price hit the market in Cleveland.
Futuristic Technology Takes Property Management to New Levels
POM technology–including remote-managed property management–is the wave of the future.
Profile: LCOR Residential
Fully-integrated LCOR says it has been busiest on the services side of the business, providing multifamily property and asset management.
New LIIF-Enterprise Partnership to Push for TOD
Low Income Investment Fund and Enterprise are forming a partnership to advance the cause of transit-oriented development nationally.
Phase II of Highlands at Hilltop Breaks Ground
For some time, officials of Verona, N.J., have sought new housing alternatives, as well as much needed tax stabilization for residents. Phase II of The Highlands at Hilltop, a new luxury residential building, should go far in providing both.
TODAY’S DEALS: Denver High-Rise Sale Commands Record Price per Unit
Zocalo Community Development sells a 120-unit LEED Gold community for $37 million; Jones Lang LaSalle announced the firm’s Mid-Atlantic multifamily team has closed a sale on behalf of an affiliate of Florida-based Priderock Capital Partners; and Johnson Capital arranges an acquisition loan for a luxury community in Texas.
New ‘Growth Panels’ Help Apartments Go Green
Aqualok, a new type of roof panel, can reduce energy costs for apartment buildings.