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Bradenton HeraldMCZ/Centrum has purchased 18 acres of land in Manatee County, Fla. for $47 million. The property, sold by Douglas Manatee Partners, was being developed into Douglas Grand Apartments when MCZ/Centrum took an interest. The company has renamed the apartments ...
Rocky Mountain News Western Development Group is developing a 26-unit condominium tower in Denver. The six-story, 105,000-square-foot building is being constructed at the corner of Detroit Street and First Avenue. Unit prices will start at $800,000. Western is a Denver ...
A 68-unit apartment property in tony Malibu, Calif., has changed hands for $53 million, or a whopping $779,400/unit. That would make the property, Malibu Bella Mar, among the priciest to change hands in the country this year. Only five other ...
GE Commercial Finance Real Estate has provided $391 million of financing on a portfolio of 23 apartment properties with 5,631 units owned by Ansonia Apartments, a New York partnership.The financing is among the first originated by GE under a program ...
A joint venture led by Sares-Regis Group has lined up $65 million of financing for the condominium conversion of a 340-unit apartment complex in Walnut Creek, Calif.GMAC Commercial Mortgage provided the floating-rate debt for the property, Stoneridge Condos, at 245 ...
Corus Bank has provided $53.1 million in financing for the construction of West Ocean II, a 114-unit condominium project in Long Beach, Calif.An affiliate of Intracorp Los Angeles, a Newport Beach, Calif., developer, received the financing.West Ocean II is a ...
Guardian Management LLC has lined up $8.5 million in financing for Clocktower Apartments, a 195-unit apartment complex in Beaverton, Ore. Wachovia Securities provided the 10-year, interest-only, fixed-rate securitized loan, which is 70 percent leveraged. Clocktower Apartments is a 16-building complex ...
Bascom Arizona Ventures paid $84 million, nearly $74,744/unit, for Scottsdale Green and Newport Landing, two Arizona apartment properties totaling 1124 units.The buyer is a joint venture among Bascom Group of Irvine, Calif., Multifamily Advisors of Scottsdale, Ariz., and GE Capital.The ...
Houston ChronicleAfter the mass migration of New Orleans Hurricane Katrina victims to Houston, landlords are now seeing many tenants moving back to their home towns or moving on to different areas altogether. Over 17,000 apartments in the Houston area were ...
Milwaukee Journal-Sentinel Warren Barr, a Chicago condominium developer, is proposing a 300-unit residential project in Milwaukee. The $105 million development, known as Park Lafayette, calls for two 20-story towers east of N. Prospect Avenue. It will be the first of ...
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© 2023 Commercial Real Estate Direct All rights reserved..