389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
GrayHawk Development Corp. has secured financing totaling $40.5 million for the condominium conversion of a luxury townhouse community in Gainesville, Fla.An unnamed lender will provide a $28.3 million mortgage and a $12.2 million mezzanine piece for the conversion. The financing ...
Ashkenazy & Agus Ventures LLC has lined up $42.7 in financing for the acquisition and condominium conversion of Courtney Village, a 232-unit residential complex in Royal Palm Beach, Fla.The New York affiliate of Ashkenazy Acquisitions Corp. acquired the property last ...
GMAC Commercial Mortgage Corp. has provided $73 million of floating-rate financing for construction of South of Fifth, a 28-unit luxury residential complex in Miami.South of Fifth is being developed by Michael Samuel, who last year paid $25 million for Villa ...
Daily Business ReviewA Chicago-based joint venture, MCZ/Centrum Developers, has purchased a Florida apartment building for $100 million. The former Bay Club in Aventura, Fla., now holds 351 units, but will soon be converted into condos and will be renamed Parc ...
Fremont Investment & Loan has provided $15.5 million of financing for the conversion of an Orlando, Fla., hotel into residential condominiums.The 227-unit hotel was purchased by a group led by real estate developer Robert I. Kling, which plans to rename ...
Sean McElvaney, an Irish investor, has purchased 20 lots throughout Parramore, a downtown Orlando, Fla., neighborhood, signaling that the area might be ripe for redevelopment.
Florida Times-UnionTalks have broken down between the Jacksonville Economic Development Commission and The Atkins Group over an agreement to redevelop the Haydon Burns Library site in Jacksonville, Fla., causing Atkins to withdraw its bid. Atkins was planning on buying the ...
DiamondRock Hospitality Co. has agreed to pay $70 million for the Orlando Airport Marriott Hotel, a 486-room hotel owned by the Teachers' Retirement System of the State of Illinois.DiamondRock was spun off from Marriott International last year. The company is ...
Daily Business ReviewA 48,788-square-foot building in Miami-Dade County, Fla., has been sold by Kendal Pavilion LLC for $8.5 million. The property sits at 10471 SW 88th St. and was built in 1982. Transatlantic Bank provided $7.6 million in funding to ...
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