Tag: office conversion
The Elle Apartments Office-to-Residential Conversion in DC’s Golden Triangle Nears Completion
The first major office-to-residential conversion in Washington, DC's Golden Triangle Business Improvement District is finishing its final stretch of construction before delivering The Elle...
The opportunity in commercial conversions
When I first started in multifamily, I heard an acronym that I admit I had to look up: NIMBY. Not In My Back Yard....
Mesa West Capital Originates $26.1M Mezzanine Loan to Fill Gap in Construction Financing for...
Mesa West Capital has provided American Real Estate Partners (AREP) with a $26.1 million mezzanine loan to facilitate the conversion of a 200,000-square-foot office...
JLL Arranges $395M in Financing for Trophy Apartment Asset 70 Pine Street in NYC’s...
JLL's Capital Markets group announced that it has secured the $395 million refinancing of 70 Pine Street, a 66-story, mixed-use property with luxury multi-housing...
Northwind Group Provides a $22 Million First Mortgage Loan for 303 Washington Street in...
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced that it provided a $22 million first mortgage loan secured...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse...
Stream Real Estate Acquires Queen Anne Plaza Office Building for Residential Conversion
Seattle-based developer and investor Stream Real Estate acquired Queen Anne Plaza, a four-story office building in Seattle’s central business district, for $7 million with...
Property conversions: Will today’s office vacancies become tomorrow’s WFH locations?
New government incentives and shifting market dynamics could make it worth U.S. real estate owners’ time—and money—to move forward with office-to-residential conversion projects. With the...
