Regions
TODAY’S DEALS: Newcastle Buys 48-unit Property in Chicago
Newcastle Limited acquires a 48-unit building in Chicago’s Lincoln Park; SilverLeaf purchases non-performing loans secured by a golf course, raw land, lots and multi-housing; and Behringer Harvard invests in The Domain at Eldridge in Houston.
Ground Breaking for New 9/11 Memorial in N.J.
Weehawken, N.J.–Weehawken Mayor Richard Turner is leading officials from the Port Authority, Port Imperial Master Developer Roseland Property Company and other dignitaries today in ground-breaking ceremonies for a new 9/11 memorial to be built along the Hudson River in Weehawken.
Mixed-Use, Mixed-Income Apartment Project in D.C. Makes Its Debut
Washington, D.C.–3Tree Flats, a mixed-use residential, transit-oriented development, has opened in Washington, D.C.’s Petworth Neighborhood.
Summit Design + Build Hits Restart on Stalled Chicago Apartment Project
Chicago–Development of the luxury apartment building in Chicago’s Wicker Park neighborhood is back underway now that Summit Design + Build L.L.C. has stepped in and taken the construction reins.
TODAY’S DEALS: Grandbridge Secures $4.8M Mortgage for Waukesha Apartments
Granbridge Real Estate Capital originates a $4.8 million Fannie Mae loan; Boston Capital invests in renovations at two Maryland seniors communities; and IPA Partners acquires 18 acres for a 332-unit development in Arizona.
Starwood and Meier Collaborate on Mexico City Mixed-Use LEED Project
Mexico City–Starwood Hotels and Resorts plans on adding another contemporary, design-conscious W Hotel to its portfolio, the centerpiece of the new mixed-use development Liberty Plaza.
TODAY’S DEALS: ARA Brokers Sale of Fla. Seniors Community
ARA brokers the sale of a 310-unit seniors housing asset; Preferred Apartment Communities acquires a 216-unit community near Philadelphia; and Cushman & Wakefield handles the $26.4 million transaction of River Pointe at Den Rock.
SOM Brings Green to Tech City in Vietnam
Da Nang City, Vietnam–A new master plan for a green city situated on the edge of the Danang in Vietnam has been unveiled by Skidmore, Owings & Merrill LLP (SOM).
Abode Begins Work on SoCal Affordable Seniors Housing Projects
Los Angeles–Abode Communities broke ground recently on two new affordable seniors housing projects in greater Los Angeles, Terra Bella in Bell Gardens and Hudson Oaks in Pasadena.
TODAY’S DEALS: Investors Savings Bank Closes $23.8M Loan for N.J. Community
Investors Savings Bank provides $23.8 million for Verona, N.J., apartments; Berkadia originates $85M for an apartment co-op in Santa Monica; and Largo Group arranges $8.5 million in financing for Ohio apartments; and