Property Types
First Purpose Built Student Housing Development Launches in Brighton, UK
With the student housing market on an upswing across the South of England, due to both international and domestic students, as well investors, Property Frontiers Ltd. has announced the launch of the first purpose built student housing investment in Brighton, UK.
TODAY'S DEALS: SL Green to Develop Manhattan Dorm Tower
SL Green led JV to build a dorm in Manhattan; Beech Street Capital provides $33 million in Fannie loans to two Baltimore-area assets; and Colliers International represents the buyers and sellers in the $7.7 million sale of an apartment property in San Diego.
Denver’s TOD Fund Helps Finance New Affordable Housing
The Evans Light Rail Station on Denver’s south side is the site of a new affordable housing community being developed by Denver-based Urban Land Conservancy and Medici Communities.
Glassy Condos Rising in Weehawken, N.J.
Ground has been broken for a new 74-unit condominium building on Weehawken’s Hudson River waterfront.
TODAY'S DEALS: ZOM, Northwestern Mutual Break Ground in Florida
A joint venture breaks ground in Palm Beach County; Greystone Funding Corp. originates $73.7 million for two affordable assets in New York; and Alliant Capital converts the interest rate of a $5.86 million ARM to 3.99 percent.
Crescent Resources Opens Student Housing in Texas
Crescent Resources has opened Circle West Campus, a student apartment community located at the intersection of West 25th and Longview Streets by the University of Texas.
MARKET SNAPSHOT: Shortage of Available Inventory Favoring Landlords, Sending Vacancies to Floor in Boston
Vacancy in Boston continues to pace well below the national average, even beginning to rival lows seen in cities like New York and San Francisco.
TODAY'S DEALS: Waterton Associates Re-Enters Phoenix With 576-Unit Purchase
Waterton Associates buys a Phoenix asset; EdR breaks ground on Phase II at Mansfield University; and Centerline Capital Group provides a FHA 223(a)(7) refinance mortgage to replace an existing 221(d)(4) loan and lower interest rate.
TODAY'S DEALS: PCCP Provides $30M for Delaware Recap
PCCP provides $30 million for the recapitalization of a 214-unit asset; Fountain Residential breaks ground near Texas Christian University; and NorthMarq Capital arranges a $25.39 million Freddie Mac mortgage.
Nonprofits Acquire LA Affordable TOD Property
Nonprofit affordable housing developer Abode Communities and Trust South LA, a community land trust, have acquired Rolland Curtis Gardens on West 38th Street in Los Angeles.