Tag: office conversion
Marcus & Millichap Facilitates $9M 49th Street Manhattan Property Sale After 25-Year Family Ownership
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a...
Soltrust Announces Office to Apartment Conversion of Alloy Midtown in Phoenix
Soltrust will debut Alloy Midtown, an urban office-to-apartment conversion. Soltrust Residential REIT (Formerly Blueprint Capital REIT) created Alloy Midtown, comprised of two unique structures.
On...
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...
