Upcoming Webinar to Outline Legislative and Regulatory Trends in Submetering, Utility Management
Join us in a webinar that will address important legislative and regulatory trends that will impact submetering and other forms of utility and energy management.
SPECIAL REPORT: Key Advice for Underwriting Apartment Properties
When acquiring apartments, be skeptical of any and all statistics that are provided to you. That was one piece of advice given to the audience during an educational session at the National Apartment Association 2013 Education Conference and Exposition.
TODAY’S DEALS: NorthMarq Arranges a $20M New Construction Loan in Chicago
NorthMarq’s Chicago regional office arranged construction loan financing of $20 million for Webster Square; and Lucent Capital completes an $11.84 million permanent loan for the recapitalization of a building.
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
Emerging Real Estate Markets and Industries in 2013
Marisha Clinton, director of research, Capital Markets, at Jones Lang LaSalle, names markets and industries that are on the “to watch” list for real estate investors.
TODAY’S DEALS: HFF Arranges $150M for Manhattan High-Rise
HFF announced that it has arranged $150 million in financing for the Madison Belvedere, a 50-story, 404-unit, Class A multi-housing property near Manhattan’s Madison Square Park; and Walker & Dunlop provides a $53 million Freddie Mac loan for a mixed-use property
Prudential’s Financing Goals for 2013
David Durning, president and CEO of Prudential Mortgage Capital Co., explains Prudential’s targets for balance sheet, Fannie Mae, Freddie Mac and FHA, CMBS and bridge financing for 2013.
TODAY’S DEALS: Carroll Organization Acquires Properties in Florida, Georgia and Tennessee for $102.5M
Carroll Organization, along with investment partner NorthStar Realty Finance Corp., has acquired four multifamily properties; and BH Properties purchases a Phoenix property for $6.2 million.
TODAY’S DEALS: HFF Arranges $86.8M Acquisition Financing for Crow Fund Through TIAA-CREF
HFF worked on behalf of a private real estate fund advised by Crow Holdings Capital Partners LLC to secure a 10-year, fixed-rate loan; and Beech Street closes on a $17 million Fannie Mae refinance loan.