Regions
Harbor Group Buys Baltimore’s Belvedere Towers for $26.1M
Harbor Group International LLC continues to enhance its presence in Baltimore with the acquisition of Belvedere Towers Apartments.
TODAY’S DEALS: Marcus & Millichap Sells Two Student Housing Communities
Marcus & Millichap brokers the sale of two southern student housing communities; ARA arranges the sale of a 180-unit community in Phoenix; and George Smith Partners completes a challenging $4.2 million refinance of an SRO property.
Major Affordable Housing Redevelopment Kicks Off in Rome, N.Y.
Ground has been broken for the redevelopment of Liberty Gardens in upstate Rome, which will include the major rehabilitation of three masonry two-story buildings and the construction of six new buildings on the seven-acre site.
MARKET SNAPSHOT: Top-Tier Assets in Philadelphia Spark Investor Interest
Philadelphia–During the first half of the year, interest in Class A properties in the Philadelphia metro increased, according to Marcus & Millichap’s third quarter report.
Affordable Housing for the Homeless Supports the Arts
New California affordable housing community provides shelter and support for the homeless and encourages development of the arts.
TODAY’S DEALS: MG Properties Group Acquires Mixed-Use Condo Conversion
MG Properties Group buys a 33-unit condo conversion for $11.8 million; IPA brokers the sale of a 392-bed student housing community at USC; and Walker & Dunlop provides Freddie Mac funding to two student housing properties.
Stalled Condo Project in Flushing on Track Again
DelShah Capital LLC has finally worked through the legal complexities that will allow it to reposition 31-32 Union Street, Flushing, as Sunrise Terrace Condominiums, and to begin sales of the remaining 17 units in the property.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.
‘Occupy Wall Street’ Protesters Gather at Billionaires’ Apartments
Today, Occupy Wall Street supporters left Manhattan’s Financial District and organized in front of the multi-million dollar apartments of many of New York’s billionaires on the Upper East Side.
TODAY’S DEALS: Clarion Partners Grabs $100M Seniors Portfolio
Clarion Partners acquires three senior housing communities for $100 million; ARA completes an REO sale in Florida; and Alliant Capital arranges a $1.7 million refinance at 4.78 percent interest rate.