News
Oak Grove Capital Secures Construction Financing for Logan Square TOD
Oak Grove Capital of St. Paul, Minn. has secured construction financing for a transit-oriented development in Chicago’s Logan Square neighborhood.
$35 Million Student Housing Complex Ready to Break Ground in Grand Rapids
A new housing complex designed for college students will soon break ground in Grand Rapids.
King Penguin to Acquire Second Office Tower in Downtown Pittsburgh
New York-based King Penguin Opportunity Fund has reached an agreement with Union Real Estate Company to acquire the 19-story Allegheny Building in downtown Pittsburgh.
MIG Real Estate Closes on Ninth Multifamily Asset in Texas
Newport Beach, California-based MIG Real Estate recently closed on its ninth multifamily investment in Texas. The firm acquired Regency at Stonebridge Ranch, a 301-unit townhome apartment community in McKinney, Texas.
Foreign Investor Purchases Portfolio of Nine Warehouses in $2.2M Deal
Doral 58th Street Warehouses, a portfolio comprised of nine warehouse properties was sold recently, as announced by Douglas Elliman. The $2.2 million transaction was negotiated by Douglas Elliman Commercial Division Associate while CCIM Miami District Director Mitash Kripalani represented the seller, 58 Street Warehouses LLC. A foreign investor acquired the complex; however, the buyer’s identity was not disclosed.
Two More D.C. Office Properties Change Hands
Two more D.C.-area office properties have changed hands this month.
23-Unit Affordable Housing Revitalizes North Nashville Site
Nashville’s low-income housing stock is set to expand with 23 new units, as the Metro Development and Housing Agency(MDHA), Urban Housing Solutions, the Barnes Housing Fund Commission and Nashville Mayor Karl Dean broke ground on 26th and Clarksville.
American Realty Capital Closes on 3 Memphis-Area Hotels as Part of Largest Sale Ever by Non-Traded Reit
In February 2015, American Realty Capital Hospitality Trust Inc. closed on the Equity Inns Lodging Portfolio in a $1.8 billion deal. The portfolio consisted of 116 hotels totaling 13,744 rooms across 31 states. The acquisition raised the company’s lodging portfolio to 122 hotels and propelled American Realty Capital as one of the leaders of the hospitality industry.
Adler Kawa Real Estate Advisors Picks Up Shopton Ridge for $33M
While Charlotte’s apartment and office market garner strong investor interest, the Queen City’s industrial market is also experiencing a growing interest from national investors.
Hartz Mountain Drops $55M on Charlotte Industrial Asset
New Jersey-based Hartz Mountain Industries, Inc. has acquired the one-million-square-foot RSI Distribution Center in Metro Charlotte, paying $55.7 million, Cushman & Wakefield | Talhimer announced.