Regions
Federated to Purchase Land from City for Mixed-Use Project in Portland, Maine
Portland, Maine–The Federated Cos. has entered into a contract with the city of Portland to develop a mixed-use project designed to transform the Bayside neighborhood into a live-work-play destination.
Vantage and Angelo, Gordon & Co. Acquire AIG’s Jersey Multifamily Portfolio
New York–Vantage Properties and Angelo, Gordon & Co. have acquired AIG’s Central New Jersey Multi-family Portfolio, comprised of six multifamily rental properties totaling 2,200 units.
TODAY’S DEALS: CBRE Sells Luxury Community in Cincinnati
CB Richard Ellis sells a 231-unit high-rise apartment in Cincinnati; Arbor completes a $40.7 million loan that refinances a 654-unit affordable housing community in Newark, N.J.; and Walker & Dunlop closes $8.6M refinance in Las Vegas.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
TODAY’S DEALS: HFF Secures $167M for 1,523-Unit Community in Denver
HFF arranges $167 million in financing for a 1,523-unit community in Denver; JLL closes the sale of a 512-unit community north of Seattle; and Boston Capital completes a $244 million tax credit fund.
$40M Historic Preservation Project Converts Courthouse to Apartments
The Alexander Co. is transforming the long-shuttered, 1930s-era U.S. Federal Courthouse in downtown Kansas City, Mo., into 176 high-quality workforce-housing apartment residences.
TODAY’S DEALS: RREEF Acquires Three Communities for $151M
RREEF acquires three properties totaling 561 units for $151 million; ST Residential closes on a condo development in Miami Beach; and Red Capital Partners provides a $4.1 million balance sheet bridge loan for acquisition of bank-owned property.
TODAY’S DEALS: HFF Closes $31M Refinance for Brooklyn Community
HFF arranges a $31 million refinance for a Brooklyn community; Marcus & Millichap brokers the sale of a 330-unit Inland Empire community; and Walker & Dunlop closes a $9.2 million acquisition loan.
The Station at Othello Park Linked in to Seattle
Seattle–The Station at Othello Park, a 420,000 square-foot, mixed-use development in Seattle, has earned LEED NC Silver certification.
TODAY’S DEALS: Jones Lang LaSalle Closes $125M Debt and JV Equity Raise for Student Housing
Jones Lang LaSalle arranges a joint venture partnership between The Collier Companies and Madison International for student housing properties, and NorthMarq Capital closes on a construction loan and tax credit bridge facility.