Prominence
Marcus & Millichap Lists $10.9M REO Waterfront Site
Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Mizner Lakes, a 21.49-acre REO waterfront development site in West Palm Beach. The listing price is $10,992,000, or $16,000 per buildable unit.
Brookdale Acquires Remaining Interests in Properties for $102M
Brookdale Senior Living Inc. completed the acquisition of three retirement center communities that it previously managed. The aggregate purchase price for the communities was $102 million. Brookdale had previously owned a minority, though non-financial, interest in the communities.
Colliers Directs $9.25M Note Purchase From China Trust Bank
Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.
NorthStar Announces $95M Sale of Assisted Living P/F
NorthStar Realty Finance Corp. sold 18 assisted living facilities, containing approximately 1,300 beds, located in North Carolina to a private investor group for $95 million.
AFI USA Completes $267M Refi of Times Square Building
AFI USA, a subsidiary of Africa Israel, has completed a five-year refinancing of the Times Square Building for about $267 million, plus access to a revolving line of credit from Banco Inbursa SA that will enable the owners to execute a comprehensive repurposing and revitalization of the property. Five Mile Capital Partners LLC will convert its existing debt to equity to become a 50 percent equity partner in the property.
CBRE Brokers $52.5M Sale of 3 Apartments by Principal Financial
CB Richard Ellis has announced it arranged the sale and financing of a three-property portfolio of multi-housing communities located in Richmond’s West End.
New Sales Team Increases Contract Signings at Brooklyn Condominium
Since joining One Brooklyn Bridge Park as its exclusive sales and marketing firm two months ago, The Developers Group, has signed 14 new contracts and has more than 20 contracts out or in negotiations.
HDC, UNHP Celebrate Renovation of Rose Hill Apartments
NYC Development Corporation (HDC) and University Neighborhood Housing Program Inc. (UNHP) recently celebrated the grand opening of Rose Hill Apartments, a 119-unit building originally constructed in 1984 to serve low-income elderly residents.
White Plains’ Energy-Efficient Property Celebrates Opening
Community Housing Innovations (CHI) recently hosted a ribbon-cutting ceremony for Minerva Place Condominiums, a 14-unit workforce housing community and reportedly the city’s most energy-efficient residences.
New Team Picks Up the Sales Pace at Florida Condominium
Ocean’s Edge has experienced a rapid sales pace since it partnered with a new management and sales team three months ago. The new owners of the community, Condo Capital Solutions LLC, took over ownership in September and partnered with Pace Builder Services to handle sales. At press time, the community had signed purchase and sale agreements for 17 new homes in 14 weeks.