Regions
Westchester County Apartment Complex Sells for $28M
New York–Phoenix Realty Group and Property Resources Corp. have acquired a Westchester County, N.Y. apartment property for $28 million.
TODAY’S DEALS: NorthMarq Capital Arranges $31M, 7-Year Mortgage
NorthMarq Capital arranges a Freddie Mac mortgage; Red Mortgage Capital LLC closed on a refinancing; and Chozick Realty brokered the sale of student housing.
Wood Partners Buys Land for Project near Growing Fort Belvoir Army Base
Alexandria, Va.–Wood Partners has acquired three acres in Alexandria for development of a 290-unit luxury apartment community that will answer demand spurred by growth of the US Army’s Fort Belvoir base.
TODAY’S DEALS: HFF Closes $86.5M Sale to Avalon Bay, Arranges Financing
HFF arranged acquisition financing for an $86.5 million sale; Sterling closed on a student housing community; and Waterton bought both a construction note and mezzanine loan.
JP Morgan Buys Chicago Multifamily Trophy Property for $182M
Chicago–J.P. Morgan Asset Management will take a majority stake in the 87-story Aqua, a mixed-use development in downtown Chicago.
TODAY’S DEALS: Hendricks & Partners Brokers $11.64M Sale of Apartment Community
Hendricks & Partners sells Sierra Ridge; AREA recapitalizes College Park; and Grandbridge closes a $13.6M multifamily deal.
Manhattan Condo, Co-op Prices Edge Upward in 4Q
New York–For the sixth quarter in a row, average for-sale residential prices in Manhattan are up, although the increases were relatively small.
TODAY’S DEALS: Essex Realty Group Brokers Sale of Multiple Apartment Buildings in Chicago
Chicago–Essex Realty Group Inc. announced the sale of multiple apartment buildings on the South Side of Chicago.
The Crossing Achieves LEED Gold Status in Orange County
Anaheim, Calif.–SARES-REGIS Group’s transit-oriented The Crossing has officially achieved LEED Gold certification.
DEAL OF THE DAY: NorthMarq Supplies $16.84M Mortgage for Apartment Property
Omaha, Neb.–NorthMarq Capital has arranged first mortgage financing in the amount of $16,840,200 for Tranquility Pointe Apartments.