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Showing posts matching the search for real estate transactions

Greystone Closes $550 Million Freddie Mac Loan to Refinance Moinian’s Sky, Largest Residential Tower in U.S.

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company , today announced its closing of a $550,000, 000 permanent Freddie Mac loan made to joint-venture partners The Moinian Group and SL Green Realty Corp . for Sky Residences (“Sky”), one of Manhattan’s premier mixed-use residential buildings . The Greystone Bassuk debt advisory team , led by Richard Bassuk and Drew Fletcher, represented the Borrower and assisted in obtaining the Freddie Mac loan through Greystone’s Affordable Lending team . The transaction marks the largest-ever single-asset tax- exempt financing completed by Freddie Mac and a first-of-its- kind private placement structure that includes permanent financing for hundreds of affordable housing units in New York City. Steve Rosenberg , CEO of Greystone, together with Billy Posey, Joe Mosley, and Jeff Englund, collaborated with Freddie Mac on the structure for Moinian and SL Green, and spearheaded the loan proc...

Milestone Apartments REIT Completes US$74.0 Million Acquisition of Shadow Creek Apartments in Houston

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

Deer Creek Apartments: Private Company Information

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August 26, 2017 9:59 AM ET Real Estate Management and Development Company Overview As of December 18, 2009, Deer Creek Apartments was acquired by The Orbach Group, LLC. Deer Creek Apartments comprises residential real estate property consisting of 24 buildings including 288 units of apartments. The property is located in Plainsboro, New Jersey. 305 Deer Creek Drive Plainsboro, NJ 08536 United States Key Executives for Deer Creek Apartments Deer Creek Apartments does not have any Key Executives recorded . Similar Private Companies By Industry Recent Private Companies Transactions Type Date Target No transactions available in the past 12 months. The information and data displayed in this profile are created and managed by S&P Global Market Intelligence , a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here. Stock Quotes Market data is d...

Horizons at Rock Creek apartments sell for $250 million

The Horizons at Rock Creek apartments in Superior have been sold in the largest multifamily transaction in Colorado history . In a deal that closed Monday, real estate investor Bell Partners of Greensboro, N.C., will pay about $250 million for the 1,206- unit luxury apartment complex to the southeast of U.S. 36 and South 88th Street . It marks the first western U.S. acquisition for Bell Partners, whose $ 5 billion apartment portfolio is based primarily in the Southeast. “They were looking for an opportunity to get into this market and establish a beachhead,” said Terrance Hunt, executive managing director of ARA, a Newmark Co., which brokered the transaction. “This was a prime opportunity for them to set up shop here.” The 80- acre property features a 13-acre lake and a 24,000-square-foot clubhouse. Horizons at Rock Creek sits west of the Interlocken business park and the FlatIron Crossing mall in Broomfield. “They will really be able to take advantage of the Interlocken mar...

Dallas company buys Woodhollow Apartments on Lake Shore | Business

A Dallas- based real estate company has bought Woodhollow Apartments , 4502 Lake Shore Drive , and plans to remodel the interiors of its 220 units. The acquisition is part of Performance Properties ’ strategy to acquire 1, 500 upscale apartment units around the state. Woodhollow, which is located near Lake Waco and McLennan Community College , is a mix of one- and two- bedroom units averaging 741 square feet in size. It sits on 11 acres in a wooded setting, is 96 percent occupied, and amenities include a sand volleyball court , hot tub, two swimming pools and a dog park. Since 2013, partners David McQuaid and Todd White have focused on acquiring older apartments in need of repair. They have completed more than $73 million in transactions, amassing more than 1,000 units in Dallas and creating $10 million in gross annual revenue , according to a company news release . The company said acquisitions so far generally have required major renovations inside and out, but...

San Francisco’s Pacific Heights-Presidio Heights District Leads in Luxury and Ultra-Luxury Sales

One district dominated San Francisco ’s luxury market when it came to both apartment and single- family home sales over the past year, according to a report out Monday from Paragon Real Estate Group . It’s an L-shaped stretch of four neighborhoods on the northern edge of the peninsula, including Pacific Heights , Presidio Heights , Cow Hollow and Marina. The tony area rises up on a ridge that overlooks the landmark Golden Gate Bridge and Alcatraz Island and is home to celebrities and historic mansions . More:  Check Out News from San Francisco ’s Luxury Market This area had the most single- family house sales over $3 million in the 12 months ending July 31 —a total of 77 deals at an average price per square foot of nearly $1,500, according to the report. It also dominated the city’s ultra- luxury transactions with nine sales for mansions priced over $10 million. The Pacific Heights- Presidio Heights district also led in the luxury apartment market . Over the past 12 months, there...

Affordable housing summit coming to NPR | News

NEW PORT RICHEY – A shortage of affordable housing is an issue that affects communities throughout the state and Pasco County is no stranger to the subject. Guests to next week’s Housing and Community Development Summit in New Port Richey will learn how Pasco is affected and new ideas in development to make sure low-income residents can find proper shelter . The summit will take place from 8 a.m. until 2:30 p.m. Monday, Aug. 21, at the CARES Elfers Center , 4136 Barker Drive. It is presented by the Pasco County Community Development Department . Jaimie Ross, president and CEO of the Tallahassee- based Florida Housing Coalition , will lead the discussion. “It’s really a time for different parts of the community to come together and talk about the issues they’re having and come up with some ideas for addressing them,” Ross said of the Aug. 21 gathering. Other localities throughout the state request similar summits with Florida Housing Coalition involvement and the nonprofit organizat...

California legislators chip away at housing crisis; big solution elusive

We know the problem well. We live it. Other than Hawaii, California has the ignominious distinction of leading the nation in housing costs, and not by a little. A San Francisco apartment costs more than one in New York City. A Silicon Valley home is beyond reach of all but the wealthy. A 2015 Legislative Analyst’s Office report said homes here cost two and a half times more than the average national price . It gets worse by the day. Companies expand elsewhere because workers can’t afford to live here. For workers who stay, commutes are interminable because they live far from their jobs. It has taken California decades to get into this mess. Consider what’s coming to be a down payment. No fewer than 15 housing- related bills awaited legislators upon their return Monday. Some would provide tax incentives so the working poor can afford decent housing , and homeless people can find shelter. Others would streamline approval for new homes so millennials can own a piece of the American dr...

Broadstone Koi Apartment Complex in Ballard: Private Company Information

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August 26, 2017 9:33 AM ET Real Estate Management and Development Company Overview Broadstone Koi Apartment Complex in Ballard comprises a 180 unit- apartment complex and is located in Seattle, Washington. 1139 NW Market Street Seattle, WA 98107 United States Key Executives for Broadstone Koi Apartment Complex in Ballard Broadstone Koi Apartment Complex in Ballard does not have any Key Executives recorded . Similar Private Companies By Industry Recent Private Companies Transactions Type Date Target No transactions available in the past 12 months. The information and data displayed in this profile are created and managed by S&P Global Market Intelligence , a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here. Stock Quotes Market data is delayed at least 15 minutes. Most Searched Private Companies Sponsored Financial Commentaries S...

IMFI Remington Apartments, LLC: Private Company Information

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August 26, 2017 11:12 AM ET Company Overview IMFI Remington Apartments , LLC operates in the commercial real estate industry . The company was incorporated in 2014 and is based in San Antonio, Texas. 518 East Ramsey Road Suite 204 San Antonio, TX 78216 United States Founded in 2014 Phone: 408-806-5186 Key Executives for IMFI Remington Apartments, LLC IMFI Remington Apartments , LLC does not have any Key Executives recorded . Similar Private Companies By Industry Recent Private Companies Transactions Type Date Target No transactions available in the past 12 months. The information and data displayed in this profile are created and managed by S&P Global Market Intelligence , a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here. Stock Quotes Market data is delayed at least 15 minutes. Most Searched Private Companies Sponsored Financial Comme...

Shadow Creek Apartments: Private Company Information

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August 26, 2017 11:25 AM ET Real Estate Management and Development Company Overview As per the transaction announced on April 23, 2012, Shadow Creek Apartments was acquired by Bremerton Housing Authority . Shadow Creek Apartments is a two- storied building comprising 32 -unit apartments. The building is located in Bremerton, Washington. 3284 Rickey Road NE Bremerton, WA 98310 United States Key Executives for Shadow Creek Apartments Shadow Creek Apartments does not have any Key Executives recorded . Similar Private Companies By Industry Recent Private Companies Transactions Type Date Target No transactions available in the past 12 months. The information and data displayed in this profile are created and managed by S&P Global Market Intelligence , a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here. Stock Quotes Market data is delayed ...

Woodhollow Apartments: Private Company Information

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August 26, 2017 11:04 AM ET Real Estate Management and Development Company Overview As of April 26, 2017, Woodhollow Apartments was acquired by Monarch Investment and Management Group LLC . Woodhollow Apartments comprises apartment properties . The assets are located in the United States. ,   United States Key Executives for Woodhollow Apartments Woodhollow Apartments does not have any Key Executives recorded . Similar Private Companies By Industry Recent Private Companies Transactions Type Date Target Merger/Acquisition May 16, 2017 -- The information and data displayed in this profile are created and managed by S&P Global Market Intelligence , a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here. Stock Quotes Market data is delayed at least 15 minutes. Most Searched Private Companies Sponsored Financial Commenta...

This guy is accused of swindling millions of dollars out of unsuspecting Torontonians

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Johnson Chrome was a notorious big spender with a taste for bottle service , bespoke suits and $10,000 shoes. The source of his wealth? A sophisticated identity theft scheme that may have conned Torontonians out of millions. The untold story of the city’s most wanted fraudster Photographs: All portraits via Facebook; background by iStock T he fraudster who called himself Johnson Chrome liked to sit on a bench at the intersection of Hazelton and Yorkville, smoking a Montecristo Edmundo robusto and talking about fashion, cars and cigars to anyone who’d listen. He was charming and handsome, with a neatly trimmed beard , a shaved head and perfect teeth. The perch placed him at the centre of the rarefied universe he’d come to inhabit. His condo, in the former Four Seasons hotel, was steps to the west, and he parked his black Jaguar at the Hazelton Hotel opposite . His gym, the sleek Equinox, was a minute’s walk northwest; his preferred cigar shop , La Casa del Habano , was to the sout...