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This program is largely an affordable play for the GSE and it is approaching the market with two products.
Chatham estimates it acquired the property at a year one NOI cap rate of approximately 7.5%.
Following a renovation, The Avanti is expected to outperform the competition in this submarket, one of the brokers says.
In one, CIM Group acquires an apartment community and in the other, Northpoint Realty Partners purchases land with plans for development.
Brookfield Property Partners is selling the ownership stake in the $1.5 billion Financial District tower.
The real estate continues to expand its NYC properties, purchasing a two-building residential and commercial complex in Queens.
The global advertising, marketing and corporate communications giant is staying in downtown Hudson Square.
Here's a look at the latest news, announcements and deals that you may have missed in Alaska, Washington, Oregon, Idaho, and Northern California.
Presented by Thought Leadership
Users in the field need taller buildings with bigger footprints, which means new structures are 143% larger than a decade ago.
The purchase is part of Meridian Group's expansion of the office assets within the Boro District.