Subject: Condo conversion (CONDO)

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 of ...

Commercial Real Estate Direct Staff ReportUnable 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 condominiums.The venture is looking ...

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, all condominium conversion projects, are ...

Corus Bank has provided a $65.9 million loan for the acquisition and conversion to condominiums of the 440-unit Tanamera Apartment Homes at Double Diamond Ranch in Reno, Nev.Corus 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 electrical systems. Condo converters will also be required to replace ...

The Boston GlobeDeveloper Liffey 451 LLC plans to redevelop the nine-story Fargo Building property in Boston into 263 residential condominium units from office and commercial space with 18,000 square feet of retail space on the first floor. The property, a ...

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 for a condo ...

Baltimore Sun Park Avenue LLC, a private Washington, D.C., 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 two-bedroom residences within the building's shell. ...

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 $71.8 billion of sales, a 43 percent jump from ...

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 between $135,000 and $165,000. ...