Archive for September 2010
Apartments Lead the Commercial Real Estate Pack in Recovery
New York–Apartment properties have been the first kind of commercial real estate to show signs of genuine recovery this year, and the outlook is even better.
Read MoreToledo Seniors Housing Set to Expand
Toledo–The Lakewoods seniors housing complex in Toledo has obtained the necessary capital to expand, according the Huntington Bank, which is supplying part of the funds.
Read MoreMHN Interview with Dale Phillips: We Think Las Vegas Is Ripe with Opportunity
Scottsdale, Ariz.–Dale Phillips talks to MHN about the shift in Mark-Taylor’s growth strategy and why, despite Las Vegas’ destroyed real estate landscape, the company thinks it’s a good place to invest.
Read MoreDEAL OF THE DAY: CB Richard Ellis Fund Acquires Apartment Community in S. Florida
Pembroke Pines, Fla.–The CB Richard Ellis Strategic Partners U.S. Value 5 fund has purchased The Resort at Pembroke Pines, a 1,520-unit garden-style apartment community in southern Florida that is 94 percent occupied, via CB Richard Ellis Investors’ Multi-Housing Group.
Read MorePODCAST: Closing a Development in a Tight Financing Market
Jim Crossin, vice president of development for Flaherty & Collins Properties, discusses closing on a $25M development of 213 high-end, mixed-use units in Indianapolis.
Read MoreSt. Andrews Apartments in Stamford Poised to Begin
Stamford, Conn.–RiverOak Investment Corp. and RMS Construction have formed a joint venture to begin work on the St. Andrews Apartments in downtown Stamford.
Read MoreLand Purchase and Financing Kickstart $47M Suburban Denver Apartment Project
Littleton, Colo.–In a Denver suburb named Littleton, where the limited amount of land for apartment projects is highly coveted, Wood Partners L.L.C. has taken two major steps forward in the development of the 280-unit Alta Aspen Grove.
Read MoreVideo Interview with Bob Landis
MHN catches up with Robert Landis, Senior VP at Raymond James Tax Credit Funds about finding opportunities and underwriting obstacles.
Read MoreSt. Andrews Apartments in Stamford Poised to Begin
Stamford, Conn.–RiverOak Investment Corp., a private investor, and RMS Construction have formed a joint venture to begin work on the St. Andrews Apartments in downtown Stamford.
Read MoreDEAL OF THE DAY: Raintree Acquires $68.2M Property, Loan Carries 4.18% Interest
San Diego–Raintree Partners completed the acquisition of Trieste Apartment Villas, a 302-unit multifamily community in the La Jolla area of San Diego County, Calif. The purchase price was $68.2 million, according to Jeff Allen, CEO of Raintree Partners.
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