Archive for August 2010
DEAL OF THE DAY: Marcus & Millichap Helps Meet Borrowers’ Needs in $6.78M Refinances
Canoga Park, Calif. – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,775,000 in loans to refinance two multifamily assets. The properties and loan amounts are: a 44-unit apartment complex in Canoga Park, Calif., for $3,000,000, and a 132-unit multifamily property in Hurst, Texas, for $3,775,000. Sharone Sabar, a director in the firm’s Encino office, arranged the loans.
Read MoreWood Partners Expands Workforce, Seniors and Student Housing Development Efforts
Charlotte, N.C.–Multifamily developer Wood Partners L.L.C. has decided that the time is right to expand its Specialty Housing Group in a fairly big way, by adding new representatives in each of its five regions nationwide.
Read MoreNew Student Property Reaches Full Occupancy
College Park, Md.–There is not a single room to spare at the newly developed, 154-unit University View II student apartment property near the University of Maryland in College Park, Md.
Read MoreBrad Brown Joins Cortland Partners as Chief Acquisitions Officer
Atlanta–Brad Brown has joined Atlanta-based multifamily real estate firm Cortland Partners as chief acquisitions officer. “Brown has more than 20 years direct experience in multifamily acquisitions and dispositions, handling more than $1.2 billion worth of transactions involving more than 200 rental communities,” says Cortland Partners president Steven DeFrancis. “He has the skills we need as…
Read MoreNew Student Housing Property at University of Maryland Reaches Full Occupancy as Doors Open
College Park, Md.–There is not a single room to spare at the newly developed, 154-unit University View II student apartment property near the University of Maryland in College Park, Md.
Read MoreDEAL OF THE DAY: Bernard Financial Originates $9.76M Loan for Prudential Huntoon Paige
Roseville, Mich.–Bernard Financial Group arranged a $9,760,700 loan for the Kensington Place Apartments.
Read MoreCombined Wells Fargo-Wachovia Top U.S. CRE/Multifaily Loan Server, Notes MBA Survey
Washington, D.C–According to the mid-2010 survey of commercial and multifamily mortgage services by the Mortgage Bankers Association, Wells Fargo (including Wachovia) tops the list firms of master and primary servicers in the U.S. $462.8 billion in loan volume.
Read MoreHayden & Associates Appoints Two to Management Team
Fort Myers, Fla.–Hayden & Associates recently appointed Bonita and Jay Vandall to its management team. Bonita Vandall has been a licensed community association manager since 1988 and holds several designations from the Community Association Institute. She has also served on the board of the South Gulf Coast Chapter of the Community Associations Institute for six…
Read MoreWe Prefer C to B Properties in B or Better Locations in SoCal
Aliso Viejo, Calif.–Recently, Washle talked to MHN.
Read MoreCourt Allows Receiver to Sell Abandoned Arizona Apartment Portfolio for $123M
San Diego–Maricopa County (Ariz.) Superior Court Judge Eileen S. Willett has ruled that San Diego-based Trigild can sell seven Arizona apartment properties that it currently holds in receivership.
Read More