Seattle Mayor Bruce Harrell recently signed a proposed bill that would promote the conversion of vacant and underused buildings into affordable housing. The measure would help developers looking to convert existing buildings from commercial to residential uses. The proposed changes…
Loan originator David Brody with Eastern Union arranged $12 million toward the refinancing of a one-story, 35,210-square-foot industrial building in the Williamsburg section of Brooklyn. The property is currently net-leased by the City of New York. The refinancing carried a 65% loan-to-value…
Standard Communities headed a group of partners that picked up a 100% affordable multifamily project in Shelby, NC. The company paid $16.4 million for the Laurel Hill Apartments at 1526 Eaves Road in Cleveland County. Funding for the Laurel Hill…
Peach Hill Capital and RK2 Property Group acquired Georgetown Crossing, a 168-unit Class B garden-style apartment community in Savannah, for $25.6 million and plan to renovate it as soon as possible. Built in 1994, 103 of the units have not…
Simon Property Group celebrated the groundbreaking of a mixed-use multifamily project at Seattle’s Northgate Station, reported the Puget Sound Business Journal. The 234-unit building is the latest phase of development on the former Northgate Mall site. The project calls for…
Newmark has arranged a structured equity facility to finance programmatic student housing acquisitions throughout the U.S. Newmark secured the continuing equity source on behalf of the sponsor, Tailwind Group, a Minnesota-based real estate development, management and leasing firm. Newmark Vice…
Newmark has arranged the sale of 90 Mountain View I, a three-story, 91,082 square-foot, Class A office and medical office project located at 9977 North 90th Street in Scottsdale. The asset sold for $11 million. Newmark Executive Managing Directors Barry Gabel,…
A turn-of-the-century navy storehouse has been converted into 78 boutique live/work units, including studio and one-bedroom apartments ranging from 540 to 930 square feet. Called Storehouse 9, the 100-year-old, four-story brick building blends original industrial architecture with modern utilitarian design…
CBRE has brokered the sale of Signal, a 285-unit mid-rise apartment complex in Hapeville, Georgia, approximately 8 miles south of Downtown Atlanta. Shea Campbell, Ashish Cholia, Kevin Geiger, Keith Geiger, Colleen Hendrix, Don Hoffman, Malcolm McComb, and Kurt McGarry of…
Davis Healthcare Real Estate has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at 2975 Holiday Court in Eagan, Minnesota. The building is the new home of Midwest Surgery Center, which occupies 27,000 square…
End of content
End of content
