A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.
A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.
In two separate transactions, SL Green finalized previously announced deals in its prime hunting ground, Midtown New York City.
Walker & Dunlop L.L.C. has come through for Principal Management Partners with a $163.8 million loan package for the refinancing of a four-property apartment portfolio in Connecticut.
Aided by $52 million of financing placed by Holliday Fenoglio Fowler L.P., The Scion Group and Arch Street Capital Advisors have snapped up two student housing properties in Texas.
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.
Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.
The reports on multi-family’s continued surge keep coming in, and the latest comes from Marcus & Millichap: While 2011 was a great year for the apartment sector, that momentum will likely continue in 2012 — contingent on the health of the larger economy.
American Campus Communities Inc. has just expanded its portfolio by nearly 2,000 beds with the acquisition of 26 West Apartments in Austin and the purchase of a controlling stake in The Varsity in College Park, Md., for a total of $208 million.
Financing to the tune of $155.3 million has been put in place for a 2,184-unit apartment portfolio in metropolitan Seattle by CBRE on behalf of owners Holland Partner Group and Invesco.