Jones Lang LaSalle Secures $35M for RiverView Apartments

AUSTIN, TX-The Capital Markets team at Jones Lang LaSalle Inc. in Houston has arranged a $35-million construction financing for RiverView Apartments in Austin.

By GlobeSt News Hub | November 02, 2011 at 01:01 AM

AUSTIN, TX-The Capital Markets team at Jones Lang LaSalle Inc. in Houston has arranged a $35-million construction financing for RiverView Apartments in Austin. The 302-unit, 280,000-square-foot residential development is expected to be opened in 2013.

The three-year loan was provided by Bank of America Corp. The equity fund for the project is being provided by Dallas-based CDK Realty Advisors. Mike Melody and Jimmy Board from Jones Lang LaSalles' Real Estate Investment Banking unit headed the transaction team. For the full story, go to Austin Business Journal .

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