Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
property type: Multifamily
Alexan City Lights/501 East Stassney Lane
A purchase price was not disclosed, but Travis County tax records value the property at $33 million.
Harbor Terrace/1314 N. Harbor Blvd.
Bascom funded the transaction with financing provided by Capmark Finance Inc. and arranged by CBRE Melody. Capmark funded its loan in less than two weeks, after a conduit lender that previously had agreed to fund a loan backed out.
Richard Kalikow’s stake in Manhattan House
Kalikow originially planned to buy O'Connor's stake in the property. Kalikow and O'Connor bought the building in 2005 for $623 million and have been planning to convert the property's 575 rental units to condominiums.
Warwick Apartments/3300 Webb Chapel Extension
70 percent leased. Capmark Finance Inc. of Horsham, Pa., provided financing for the transaction.
Suburban Minneapolis Apartments Sold
Minneapolis Star-Tribune (Second Item) Sherman Associates Inc. has purchased the Autumn Ridge Apartments, a 366-unit complex in the Minneapolis suburb of Brooklyn Park, Minn. A seller and purchase price were not disclosed. The Minneapolis firm plans to manage and renovate ...
Mayfair Homes Seeks Additional Financing for San Diego Condo Project
San Diego Union-Tribune Mayfair Homes is planning to resume construction on an 11-story condominium project in downtown San Diego once additional financing is in place. The firm halted activity last week at its 37-unit Biarritz project, citing budget overruns that ...
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