The Real Deal SL Green Realty Corp has sold a $100 million construction loan against the 223-unit Gramercy Square residential condominium project in Manhattan Reuben Brothers, a British investment firm, bought the loan for between 96 to 97 percent...
Commercial Real Estate Direct Staff Report Unable to de-regulate the rent-stabilized units in a portfolio of 1,083 Manhattan apartments, a venture of Praedium Fund VI and Pinnacle Group International is looking to convert the units to for-sale...
Moody’s Investors Service has downgraded three classes of Lehman Brothers Floating Rate Commercial Mortgage Trust, 2006-CCL C2, because of the weak performance of four collateral loans The rating agency said the properties securing the loans,...
Corus Bank has provided a $659 million loan for the acquisition and conversion to condominiums of the 440-unit Tanamera Apartment Homes at Double Diamond Ranch in Reno, NevCorus had provided the property owner, an affiliate of The Barone Group, with...
San Diego Union-TribuneThe San Diego City Council tightened regulations governing the conversion of apartments into condominiums Approved regulations include the full disclosure of a complex’ conditions, including roofing, plumbing and...
Las Vegas Review-Journal Conventional apartment investors are returning to the Las Vegas market as prices for condo conversions have started to peak, according Michael Shaffner, a broker with Marcus & Millichap In Las Vegas, the median price...
Baltimore Sun Park Avenue LLC, a private Washington, DC, developer will redevelop the long-vacant Brexton apartment building in Baltimore, transforming the units into upscale condominiums Plans call for creating six one-bedroom residences and seven...
The apartment market remains a favorite among investors as 3,803 properties traded hands through October, the largest transaction volume of any commercial real estate class The year has so far seen $718 billion of sales, a 43 percent jump from last...
Florida Times-UnionDeveloper LB Jax Development LLC has plans to renovate and convert the Park View Inn in Jacksonville, Fla, into a 100-unit condo project The condos would be workforce housing, targeting low- to middle-income households, costing...
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