Archive for March 2010
New Miami Beach Condos Looking for Buyers
A revived condo development called Terra Beachside 6000 Collins, which is the only major condo project under way in the city of Miami Beach, according to its developer, has kicked off its sales effort.
Read MoreThe Bainbridge Cos. Enters Atlanta Market
The Bainbridge Cos. is expanding into the Atlanta market with an agreement to manage Alexan MetroWest Apartments. Developed by Trammell Crow Residential (TCR), Alexan MetroWest is a newly built 397-unit luxury community located in Atlanta’s chic Midtown West Design District.
Read MoreDEAL OF THE DAY: Arbor Closes $1.615M Fannie Mae Small Loan for Apartment Complex
Arbor Commercial Funding LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage LLC, recently helped fund a $1,615,000 loan under the Fannie Mae DUS product line for the 43-unit Sunny Knoll Apartments in Seymour, Conn.
Read MoreFeature: In Landscaping, Green is Always Good
There is never a second chance to make a first impression.
Read MoreFeature: In Landscaping, Green is Always Good
There is never a second chance to make a first impression. In the case of a multifamily community, it is the exterior of a community that makes the first impression.
Read MoreTomson Riviera Still Selling, Despite Property Bubble Anxiety
The peak of the Chinese real estate bubble has been predicted for some time now, but if the price that an apartment in Shanghai’s Tomson Riviera complex recently fetched is any indication, buyers are still willing to pony up the big yuan. Late last year, a 600-square meter (6,450 square feet) apartment in Tomson Riviera sold for 96.09 million yuan ($19.6 million) to an unspecified but obviously wealthy buyer.
Read MoreLightstone Securities Taps Axtell to Head Northwest Region
Lightstone Securities has named Jesse Axtell vice president and northwest regional manager.
Read MoreDEAL OF THE DAY: NBS Financial Secures $3.75M in Fannie Mae Financing through Walker & Dunlop
NBS Financial Services Executive Vice President Mike Wood has secured $3.75 million in refinancing for the Park at Auburn Apartments, an 83-unit apartment complex in Auburn, Wash., that was built in 1981.
Read MoreFreddie Mac Mulls Mezz Lending Plan
Dees Stribling, Contributing Editor McLean, Va.–Freddie Mac is formulating a new program to work with mezzanine lenders to expand the GSE’s multifamily mortgage origination program. According to Freddie Mac spokeswoman Patti Boerger, the details of the program aren’t finalized yet, but probably will be next month. The overall thrust of the program, however, is well…
Read MoreDEAL OF THE DAY: NorthMarq Capital Arranges $18M Freddie Mac Loan for Manhattan Apartment Building
Craig Bjornsund, senior vice president and managing director of NorthMarq Capital’s (NorthMarq) New York Metro Regional office arranged first mortgage financing in the amount of $18 million for 2161-2169 Broadway (235-241 W. 76th Street) in Manhattan.
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