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Newcastle Realty’s Late Year Pickups Highlight Record Fourth Quarter for...
Real estate investment firm Newcastle Realty Services purchased neighboring apartment buildings at 656 and 759 St. Nicholas Avenue in Harlem for a combined $5.6 million from Colorado-based real estate...
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E&M Associates Buys AIMCO’s $67M Harlem Portfolio
2302 Seventh Avenue. E&M Associates, a 40-year-old, family-owned Brooklyn company, has bought a series of Harlem apartment buildings from AIMCO, a Denver-based real estate investment trust,...
View ArticleBarry’s Bootcamp Muscles Into West 69th Street Digs for First UWS Outpost
High-intensity workout chain Barry’s Bootcamp is first coming to the Upper West Side with a new fitness center at 72-74 West 69th Street, Commercial Observer has learned. Barry’s secured 4,300 square...
View ArticleRelated Buys Nearly 8,000 Affordable Units Across the Country, LA Included
Related Companies has closed its $590 million purchase of Denver-based real estate investment trust Aimco’s portfolio of nearly 8,000 affordable housing units across the country, including four...
View ArticleColliers Grabs Investment Sales Pro Rawles Wilcox in DC Office [Updated]
Global commercial real estate services firm Colliers International Group has hired Rawles Wilcox as a senior vice president, Commercial Observer has learned. Wilcox joined the firm’s international...
View ArticleBarclays, Citi Lead $1.8B Debt Package on San Fran’s Largest Rental Community
San Francisco’s largest multifamily complex, the 3,221-unit Parkmerced, has been financed with roughly $1.5 billion in CMBS debt from Barclays and Citi, according to rating agencies that analyzed the...
View ArticleAimco Joins Kushner in Downtown Fort Lauderdale Development
Apartment behemoth Aimco entered into a joint venture with the Kushner Companies, purchasing a 51 percent stake in a downtown Fort Lauderdale development. Aimco will pay $25 million for 4.6 acres at...
View ArticleKushner, PTM Partner on Apartment Project Near Downtown Miami
PTM Partners has joined with Kushner Companies to build a 420-unit apartment tower in Miami’s Edgewater neighborhood, the companies announced. New York-based Kushner bought the development site at 2000...
View ArticleBeitel Group Lands $41M Acquisition Loan for Miami Development Site
A joint venture between Beitel Group and Aimco has landed $40.9 million of acquisition financing for a development site in Miami’s Edgewater area, Commercial Observer has learned. The plan is to erect...
View ArticleJPMorgan Chase Lends $100M on Manhattan Apartment Portfolio Purchase
HUBBNYC has nabbed $99.9 million of acquisition financing for an 11-property multifamily portfolio across Manhattan’s Upper East and West sides, Commercial Observer can first report. JPMorgan Chase...
View ArticleLidl and Onelife Fitness Set to Open at Upton Place
Upton Place, a $290 million mixed-use development underway in Washington, D.C., has snagged two noteworthy tenants. Onelife Fitness inked a 54,745-square-foot lease, while grocery store Lidl has signed...
View ArticleAimco-Related REIT Buys Miami Apartment Tower for $211M
AIR Communities dropped $211 million for a Miami apartment tower, a sign of investors’ continued appetite for Miami residential properties despite growing fears of a recession. The property,...
View ArticleAir Communities REIT Buying South Florida Rentals for $471M
Even as interest rates continue to climb, Air Communities is shelling out $471 million for two South Florida rentals. The move comes as the Denver-based REIT is looking to shift to growth markets, and...
View ArticleAmazon Commits $24M for Affordable Housing in Bethesda, Md.
Amazon has committed $24 million to fund 122 new affordable homes as part of Strathmore Square, a multiphase development on a Washington Metropolitan Area Transit Authority ground lease near the...
View ArticleAimco, Newgard and Melo Each Seek to Expand Miami Developments
More is more for Aimco, Newgard Development Group and the Melo Group in Miami. All are seeking to expand their properties, proposals that the city’s Urban Development Review Board will hear Wednesday....
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