SPECIAL REPORT: Real Estate Recovery, Rebounding Investment Noted at ULI Conference
Among the concerns cited by speakers at the Urban Land Institute’s recent Real Estate Capital Markets Conference held in New York are the relative dearth of debt capital, possible refinancing difficulties ahead and the current and potential effects of the European economic crisis.
PROFILE: Silverado Senior Living
Loren Shook, who co-founded Silverado Senior Living with Stephen Winner, has a distinct philosophical approach to providing seniors housing for the memory impaired.
PROFILE: Kenneth Young Center
The Kenneth Young Center could be a typical non-profit services company that developers so often rely on to handle the social services aspects of their affordable housing developments.
TODAY’S DEALS: Iconic Silicon Valley Multifamily High-Rise Tower Commands $118M
Institutional Property Advisors arranged the sale of 360 Residences, a high-rise tower in San Jose; and Northmarq closed on $10.86 million in refinancing for an assisted living facility in Colorado.
TODAY'S DEALS: Marcus & Millichap Represents Buyer and Seller in $43.5M Sale
Marcus & Millichap Real Estate Investment Services brokered the sale of The Bluffs; and Northmarq Capital arranged a $30 million Freddie Mac mortgage.
COMPANY PROFILE: Hines
Last year, Hines hired Alan Patton, then president of The Morgan Group, to lead the company’s efforts to expand its multifamily development activity.
TODAY'S DEALS: Village at Playa Vista Gets Green Light
A 111-acre mixed-use development gets the green light; a San Fernando Valley building commands $225,000/unit in a Marcus & Millichap-brokered sale; and Beech Street Capital arranges $7.7 million for a Maryland asset.
PROFILE: Carrfour Supportive Housing
There continues to be much need for the type of supportive individual and family housing being developed by Carrfour.
APARTMENT MARKET STATISTICS: May 2012
Multi-Housing News’ May 2012 Apartment Market Statistics section showed that apartment fundamentals continued to roar ahead.
APARTMENT MARKET STATISTICS: April 2012
Apartment market statistics showed minimal improvements in the April 2012 issue of Multi-Housing News.