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Multi-Family Real Estate News
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Here are the headlines from some of the best sources of
multi-family real estate news that we have found.
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In N.Y., Century-Old Metalwork Shop Gives Way to Luxury Condos
The SoHo shop John DeLorenzo and Bro. has been deemed more valuable closed than open.
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Group of 31 Condos Snapped Up at Palm Coast Resort
Commercial Alliance Group has purchased from Centex Homes 31 condominium units that never sold in the Palm Coast Resort's 72-unit Waterways South building just outside of Orlando.
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Two Trenton Apartment Properties Find New Owners
With the Greater Philadelphia Region of CB Richard Ellis at the marketing helm, the 62-unit Beechwood Gardens Apartment Complex and the 18-unit Greenwood Avenue Gardens in Trenton have been snapped up by two different buyers.
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Apartment Rents on the Upswing, Vacancies on the Downswing in Miami-Dade County
Apartments are becoming harder and harder to come by in Miami-Dade County, according to Marcus & Millichap's first quarter Apartment Research Report.
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Corus, Lehman Bros. Make D.C. Loans
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
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WestCorp, Equibase Partner to Pursue M-F Opportunities
Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States.
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527,000SF Suburban Atlanta Mixed-Use Project Makes Debut
Cousins Properties Inc. has just swung open the doors of The Avenue Forsyth, the company's 527,000-square-foot mixed-use project in Forsyth County.
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CBRE Investors Closes $2.1B Real Estate Fund
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors. Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
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Lagovent Buys Apartment Portfolio in Dallas Metroplex
Lagovent Real Estate Group has acquired two Class B Dallas-area apartment complexes totaling 952 units for a total consideration of $40.5 million.
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Allen & O’Hara Closes $73M Student Housing Bond Issue
Allen & O’Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania.
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Chicago Development Officials Green-Light Increased Subsidy for Loop Project
Developer Village Green Cos. wants to redevelop a landmark 45-story office building into 313 apartments.
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$41M Financing Deal Closes for Dallas-Area MF
A financing package valued at approximately $41 million has been put in place for the 600-unit St. Marin/Karrington Apartments complex in Coppell, Texas, about 30 miles from downtown Dallas.
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41-Unit Bergen County MF Trades
Catherine Gardens, a 41-unit apartment property at 278 Main St. in Little Ferry has just traded in an all-cash transaction.
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Puerto Vallarta Condo Tower Shows that High-End Market Still Thrives
The launch party will be held Friday and five of 46 condo units are presold, with three more under contract. Not earth-shattering, perhaps, but further evidence that the real estate slowdown is an inconsistent beast.Â
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Dallas Project to Include More Offices, Fewer Condos
Dallas’s massive CBD mixed-use project, Victory, will include more office space and less condominiums and hotel rooms, said Hillwood’s Development Co.’s chairman, Ross Perot, Jr.
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San Diego-Area Green Development Recognized by National Building Industry
With 20 percent of the mixed use Del Sur community completed, The National Association of Home Builders yesterday named the project its Mixed Use Development of the Year.
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AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
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Home In on Green Ratings
Home builders have lamented in recent years that the U.S. Green Building Council’s Leadership in Energy and Environmental Design standards for office and institutional properties apply to single- and multi-family properties awkwardly.
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117,000SF of Premier Office Condo Space to Hit Auction Block
Office condominium space totaling about 115,000 square feet at The Plaza, a mixed-use project in downtown Orlando featuring 394,000 square feet of office condo space and 105,000 square feet of retail in two, circular towers, will hit the block this Thursday, May 15.
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Closing the Door on Condos
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
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