News
Boston-Based Investor Buys 50-Unit Apartment Complex in Cleveland Heights
Noble Summit Apartment Properties LLC is the new owner of the apartment complex at 2734 Noble Road in Cleveland Heights. The Boston-based company paid $1,330,000 or $26,600 per unit, to purchase the multi-family property in a transaction which closed earlier this year.
APAH Breaks Ground on Affordable Housing in Arlington
On Wednesday, March 11, the Arlington Partnership for Affordable Housing celebrated the groundbreaking for Arlington’s newest affordable housing community, The Springs Apartments. Housing professionals, local officials and other members of the community were present at the ceremony, held at 4300 N. Carlin Springs Road, close to The Springs site.
Former Navy Yard Chain-Making Factory Coming Back to Life as 230-Key Hotel
Kavanagh Advisory Group, a real estate developer based in Danvers, is set to breathe new life into a former chain-making factory in one of Boston’s historic neighborhoods.
Landmark Building in Murray Hill Sold for $24.5 Million
One of the oldest buildings in the Murray Hill section of Manhattan is now under new ownership.
Lawrenceville MF Asset Changes Hands for $58.3M
Madison at River Sound was recently sold to Los Angeles-based Investors Management Group for $58.3 million. The new owner of the community is a private real estate investment firm focusing exclusively on the multifamily sector. Investors Management Group specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation.
Ceres Acquisitions Grabs 435 N LaSalle in Chicago’s River North
Ceres Acquisitions, a subsidiary of Michael Palumbo-led MJP Capital has recently acquired 435 N. LaSalle in Chicago’s River North neighborhood
International: Golden Age Unveils Melbourne’s Slimmest Residential High-Rise
One of the world’s most slender residential towers will soon rise in Melbourne’s CBD.
Atlantic & Angelo, Gordon Acquire 4 Buildings in Reston, Va.
Atlantic Realty and Angelo, Gordon & Co. have high hopes for a distressed office building they partnered to buy.
Harrison Street Grabs Medical Office in Oregon
Harrison Street Real Estate Capital understands the need for medical-office properties.
Goldman Sachs Joins Hines, Pearlmark JV
Goldman Sachs has joined Hines and Pearlmark Real Estate Partners in a standard-setting development project in San Mateo.