Regions
$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.
Energy Efficiency Meets Unique Architecture with New Slovenia Apartments
The energy-efficient Lace apartment community in Nova Gorica, Slovenia, is designed with visually striking architecture that also protects from some of the country’s more extreme weather conditions.
New Opportunity Fund Bags Inland Empire Apartment Property
Indio, Calif.–The newly formed Clear Capital L.L.C. has purchased the Casa Monroe Apartments in Indio, Calif., the first acquisition by the $50 million opportunity fund.
TODAY’S DEALS: UDR Acquires D.C. Apartments for $600 per square foot
UDR Acquires a 185-unit luxury community in D.C.; Newcastle grabs a 162-unit building in Chicago; and HFF closes sale of Tampa, Fla. asset to Camden.
Force Proves to Be with Developers of The Coronet
San Francisco–The Coronet, a new 150-apartment senior housing building in the Richmond district of San Francisco, springs up on the site of the demolished Coronet movie house.
Apartment Market Pushing toward 6 Percent Annual Rent Growth
Dallas–Axiometrics Inc. released a research report today that shows the national apartment market continuing to heat up in May, with effective rents increasing 0.7 percent from April levels.