Multifamily

Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.

The Elizabeth General Hospital was shuttered more than two decades ago. The mixed-use project at 901 E. Jersey St. will be developed on a 5.41-acre site.

Union House has launched sales of its residences with a selection of 41 one-, two- and three-bedroom condos starting at $1.25 million and more than two-thirds of the units offer city, Golden Gate and Bay views.

The company structured $50.2 million in financing for the 305-unit apartment building.

The project located in a federally-designated Qualified Opportunity Zone is a public-private partnership between Habitat, Sinai Health System, Cinespace Chicago Film Studios, the Chicago Housing Authority and the city of Chicago.

Millennials are taking over in neighborhoods like Santa Monica and Culver City, which had been primarily dominated by baby boomers.

WindMass Capital recently purchased The Edison, motivated by Pacific Team Management's potential pricing considerations, which were achieved because of the potential upside of the asset.

Luxury developer SHVO in a joint venture with Deutsche Finance America and BLG Capital has secured a $545 million loan to finance the redevelopment of 711 Fifth Ave. in Midtown.