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KKR and Banyan Street Capital are planning an additional $5 million in capital improvements that they state will address enhancements to the fitness center, retail concourse, outdoor plaza and tenant elevator landings and corridors.
The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.
The leader in the firm's Atlanta office tells the next generation to remember that you are never as smart as you think you are when the market is great and you are never as bad as you think you are when the market is terrible.
Cushman & Wakefield Senior Housing Capital Markets, which is based in Boston, reports it has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit project in Montvale.
The firm reports it is now accepting investors for its first property, The Ewing Hotel in West Cape May. The boutique luxury hotel is scheduled to open in 2021.
The new “TurnKey” program combines Realogy's real estate expertise across its brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA and Sotheby's International Realty, with Amazon's Home Services and smart home products.
Boutique fitness chain Blast Fitness has signed a 2,800-square-foot lease deal for its first New Jersey location at The Plaza at Short Hills, located at Morris Turnpike and Broad Street.