Regions
$60M Adaptive Reuse Project Kicks Off in N.J.
An industrial facility in the Garden State that first opened its doors in 1897 will soon be reborn as a modern multifamily destination now that Prism Capital Partners LLC has broken ground on the first phase of The Parkway Lofts.
Today's Deals: Essex Realty Group Sells Skokie Apartment
Essex Realty Group brokers the sale of a 144-unit asset; Education Realty Trust lands a potential big gig at the University of Kentucky; and SilverLeaf acquires a $17.7 million non-performing condo and retail loan.
Wartburg Puts Financing in Place for Affordable Seniors Housing
Wartburg Adult Care Community has completed the financing for Friedrichs Residence, a four-story building with 61 affordable senior apartments on a 34-acre site in Mt. Vernon, N.Y.
Investment Firm Acquires D.C. Apartments
Multifamily investment advisory firm TGM Associates has acquired TGM Sudley Crossing, a 432-unit community in Manassas, Va.
Work Begins on Fort Lee Apartments
BNE Real Estate Group has broken ground on Twenty50, a 194-unit apartment building near the George Washington Bridge in Bergen County, N.J., across from the uppermost reaches of Manhattan.
Today's Deals: Kennedy Wilson and Partners Complete $54.2M Refinancing
Kennedy Wilson refinances a community in Oxnard, Calif.; TGM Associates purchases an apartment in Manassas, Va.; and IPA receives the exclusive listing rights for a property outside Baltimore.
Anaheim Apartment Complex Bags $30M Refi
Amberway Apartments in Anaheim has obtained a $30 million Freddie Mac loan to refinance existing debt.
Today’s Deals: UDR, KFH Complete $154 JV Acquisition
A joint venture acquires a 292-unit asset in Washington; Colliers sells two properties in Phoenix; and Essex Realty facilitates a $11.55 million sale in Skokie, Ill.
South Bend to Welcome New Senior Housing Development
Ground was recently broken on a new affordable housing community in the northern Indiana city of South Bend.
MARKET SNAPSHOT: Private-Employment Sector Grows, Strengthening Rental Demand in Salt Lake City
Salt Lake City employment expanded 1.8 percent in the first three quarters of 2011, with nearly 11,000 jobs added to the marketplace, which equates to a 2.3 percent increase in private sector employment. Additionally, Marcus & Millichap projects that an additional 14,000 jobs will be added in 2012.