Property Types
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
Rehab of Virginia Affordable Housing Property Set
Work will soon be under way on the rehabilitation of Parkway Village Apartments, a 126-unit affordable multifamily property in Waynesboro, Va.
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.
Senior Affordable Housing Apartments in Canton Receive $10 Million from AFL-CIO Housing Investment Trust
The AFL-CIO Housing Investment Trust has agreed to invest $10 million in the rehabilitation of the 144-unit Mayfield Manor Apartments, a senior affordable housing community in Canton, Ohio.
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
TODAY’S DEALS: Manhattan Luxury Asset Trades for $280M
Equity Residential acquires The Beatrice in Manhattan for $280 million; Pierce Education refinances a 792-bed asset in Oklahoma; and Berkeley Point Capital provides a Freddie Mac CME five-year, interest-only, adjustable-rate mortgage.
Sterling Parc at Middletown Proclaims Leasing Success
The first building at Sterling Parc at Middletown is now fully leased.
MHN Property Tour: Sky View Parc
Helen Lee, a director at Onex Real Estate Partners, takes MHN on a tour of Sky View Parc. The unique luxury condo development sits in the heart of downtown Flushing, N.Y., atop 800,000-square-feet of new retail. The amenity package is focused around a four-acre rooftop garden with playground, basketball court, putting green and lighted tennis courts.
Ground Broken for New Affordable Housing Development in Santa Clara
The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.