Category: Brokerage
Arch Cos. acquires Brooklyn development site for $2.85 million; financing provided by Tideway Capita...
November 5, 2019
Brooklyn, NY Arch Companies has acquired 550 Metropolitan Ave., the site of a future six-story residential building with ground floor retail in the Williamsburg neighborhood. The acquisition price was $2.85 million.
Outside the Region: Bascom Northwest Ventures acquires 260-unit Denver property for $90.5 million
November 5, 2019
Denver, CO Bascom Northwest Ventures, LLC has acquired 1000 South Broadway Apartments, a 260-unit class-A infill apartment community. The $90.5 million acquisition ($348,076/unit) closed on October 18th, 2019. Terry Daly of
Outside the Region: IPA sells RedHill Pines for $34.5m; IPA Capital Mkts. arranges $23.391 million
November 5, 2019
Kent, WA Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of RedHill Pines, a 168-unit garden-style apartment complex. The property sold for $34.5 million or $205,357 per
YM/WREA hosts panel discussion on October 8th
November 5, 2019
New York, NY On Tuesday, October 8th, 2019, the Young Men’s/Women’s Real Estate Association of New York (YM/WREA) hosted Bill Rudin, CEO and chairman, Rudin Management Co. and James Whelan,
Outside the Region: Tidegate Capital acquires 61-unit multifamily property in St. Petersburg
November 5, 2019
St. Petersburg, FL Boston area based Tidegate Capital has acquired the class B, 61-unit Midship Apartments, its third acquisition in the area. Using proprietary underwriting and a comprehensive due diligence process,
Outside the Region: Shawmut Design and Construction honored at American Arch. Awards
November 5, 2019
Miami, FL National construction management firm Shawmut Design and Construction was honored at this year’s 25th annual American Architecture Awards. The firm was part of the team recognized for its work on
Walther elevated to general counsel at Legal 1031
November 5, 2019
Melville, NY Legal 1031 Exchange Services, LLC, a division of Kensington Vanguard National Land Services (KV), has promoted James Walther, Esq., LL.M. to the position of general counsel.
Outside the Region: W Financial provides $10.2m bridge loan for Fla. condo development
November 5, 2019
Naples, Fl W Financial has provided a $10.2 million first mortgage bridge loan secured by a newly-built condominium building located on 6th Ave. The borrower needed the bridge loan to repay their maturing
Outside the Region: Marcus & Millichap sell 223-unit multifamily property in South Carolina
November 5, 2019
Simpsonville, SC Marcus & Millichap has completed the sale of the Garden District, a 223-unit multifamily asset. The property sold for $29.35 million, which equates to $131,614 per unit. The buyer is a private investor. “Although the area has added a new supply of apartments
Company of the Month: Going above and beyond title insurance – Cornerstone Land Abstract is changi...
November 5, 2019
Founded in 2008, Cornerstone has established an impressive industry record with 12,000+ deals successfully closed and more than $8 billion in closed transactions. They have navigated high profile residential and commercial transactions with some of the world’s largest underwriters.
Fried Frank acts as counsel to Tishman Speyer in 620,000 s/f lease
November 5, 2019
Manhattan, NY Fried Frank acted as counsel to Tishman Speyer in connection with its 99-year, 620,000 s/f lease of the Morgan North Post Office from the US Postal Service. Tishman Speyer leased the top six floors of the
Stracci and Stein of NKF advises Thirty Five Ventures on new headquarters lease: 4,500 s/f at 112 7t...
November 5, 2019
Manhattan, NY According to Newmark Knight Frank, (NKF) Thirty Five Ventures has signed a new office lease for the penthouse at 112 7th Ave., which will serve as the company’s new headquarters. The full
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