Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
SARES•REGIS Group Acquires 192-Unit Calif. Community
SARES•REGIS Group, which launched its multifamily fund back in March, acquired its first apartment community, Avalon at Civic Center, a 192-unit community in Norwalk, Calif., which it purchased from Avalon Bay.
Fannie Mae Maintains a Steady Pace of Multifamily Issuance in the Second Quarter
Fannie Mae announced that the company issued approximately $7.6 billion of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders.
Firm Capital Property Trust Acquires Stake in Montreal Industrial Portfolio
Firm Capital Property Trust recently announced that it is in contract for the purchase of a 50 percent participation in a portfolio deal.
Hendricks-Berkadia Adds VP Wade Schmitz to New Houston Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), recently announced the hiring of Wade Schmitz as a vice president with the firm.
Auction.com Names Rick Sharga as Executive Vice President
Auction.com, an online real estate marketplace, announced that Rick Sharga has been named executive vice president.
Karen Pribnow, Long-Time leader of NorthMarq’s Servicing Business, Announces Retirement
NorthMarq’s leader of its loan servicing business, Karen Pribnow, has announced her retirement at the end of 2013 after 40 years with the company.
Bell Buys Orlando Apartment Community
Bell Partners has bought Landmark at Universal for $48.26 million—or about $155,600 per unit—from Epoch Properties Inc.
MassHousing Closes Record $171.2 Million in Loans
In closing $171.2 million in loans for the acquisition, renovation and preservation of affordability at Georgetowne Homes in Boston’s Hyde Park, MassHousing established a new record.
TODAY’S DEALS: CBRE Sells Three-Property Portfolio in San Diego
CBRE sells three mixed-use assets; Beech Street closes a $30.9 million acquisition loan for a Houston property; and a Greenwich Village, N.Y., portfolio of mixed-use buildings sells for $32.34 million.
Greystar Taps David Reid for Senior Leadership Role to Spearhead Development Activities
Greystar recently announced the recent promotion of David Reid to senior managing director of development.