Regions
TODAY’S DEALS: CBRE Capital Markets Arranges $70M for Multifamily in Fla.
CBRE Capital Markets arranges $70 million for multifamily financing in Florida; Blizin Sumberg Baena negotiates $30M mortgage for former Miami condos; and ARA New England brokers the sale of a 4.1 acre development site in Massachusetts.
Red Fort Capital Invests in Delhi-NCR Residential Market
Port Louis, Mauritius–Red Fort Capital has recently closed two residential transactions in the Delhi-NCR region of India on behalf of Red Fort Fund II, the investment manager’s second fund.
NAA to Induct Shelton into Hall of Fame
Arlington, Va.–Dallas apartment industry executive Ron Shelton, CAPS, senior vice president at Amalgamated Management Corporation in Dallas, will be inducted into the National Apartment Association Hall of Fame on June 23.
L.A. Greenlights Wilshire Blvd. Multifamily Development
Los Angeles–The Los Angeles City Council approved plans this week for The Vermont, a 464-unit apartment complex with ground-floor retail and a public park.
TODAY’S DEALS: Panther Properties Acquires 300-Unit Property near Atlanta
Panther Properties acquires a 300-unit property in Georgia; Behringer Harvard purchases two student housing communities near the University of Georgia; and Alliance Residential picks up an REO asset in Las Vegas.
CetraRuddy Wins Residential Architect Magazine Award for One Madison Park
New York–CetraRuddy was recently honored with a Multi-Family Grand Award for its design of One Madison Park, a 50-story high-rise sheathed in clear and white glass.
Helms Promoted to SureDeposit National Marketing Director
Livingston, N.J.–SureDeposit, a national provider of security deposit alternatives to the multifamily industry, has promoted Kia Helms to national marketing director.
Affordable Housing Project in Suburban Seattle Obtains Financing
Kirkland, Wash.–Saint Andrew’s Housing Group has won financing for construction of Francis Village Apartments through $10 million in Low Income Housing Tax Credits.
TODAY’S DEALS: HFF Arranges $59.5M for Multifamily Development in San Diego
HFF arranges a $59.5 million construction and mezzanine loan for a multifamily development in San Diego; Marcus & Millichap sells a 121-unit property in Santa Clara, Calif. for $31.4 million; and Invesco Real Estate acquires a 32-story property in Manhattan.
The Avenue at South Orange Wins NJBA’s Rental Community of the Year
South Orange, N.J.–The Avenue at South Orange, a 79-residence luxury community, has been recognized for its high-end amenities, design touches and ideal location.