TODAY’S DEALS: CBRE Completes $62.5M LA Sale
CB Richard Ellis completed the sale of a 204-unit L.A. apartment community; Cohen Financial arranged a $7.75 million loan; and J.I. Kislak Inc. purchased three distressed multifamily properties.
Promising Predictions for the 2011 Apartment Industry
Some analysts expect apartments to perform at levels close to the last market peak.
TODAY’S DEALS: Franklin Street Closes $850K Sale of REO Property in Tampa
Franklin Street Real Estate Services oversaw an REO sale; UIP and JCR aquired two apartment buildings; and Johnson Capital secured financing on two Chicago apartment buildings.
TODAY’S DEALS: NorthMarq Capital Arranges $31M, 7-Year Mortgage
NorthMarq Capital arranges a Freddie Mac mortgage; Red Mortgage Capital LLC closed on a refinancing; and Chozick Realty brokered the sale of student housing.
‘Gimme Shelter’ with Daniel Gehman: Walkability
There is a great deal of discussion to be heard these days about “walkability” and “walkable neighborhoods.” Great! It’s a beneficial and practical idea to consider. But, like “sustainability,” everyone who uses the word probably has a nuanced meaning for it. What makes a neighborhood “walkable?” Is it just about destination? Or infrastructure? Or flattering urban appointments? I think maybe one of the most important elements of walkability is the attitude of the walker. Seriously. When I am working in our Irvine office in California, I have for a decade moaned that “there’s no place to walk to for lunch.”…
The Apartment Market Recovers
The apartment market is due to have a good 2011, even though it will probably take many years for the labor market to recover, if at all.
TODAY’S DEALS: HFF Closes $86.5M Sale to Avalon Bay, Arranges Financing
HFF arranged acquisition financing for an $86.5 million sale; Sterling closed on a student housing community; and Waterton bought both a construction note and mezzanine loan.
TODAY’S DEALS: Hendricks & Partners Brokers $11.64M Sale of Apartment Community
Hendricks & Partners sells Sierra Ridge; AREA recapitalizes College Park; and Grandbridge closes a $13.6M multifamily deal.
TODAY’S DEALS: Essex Realty Group Brokers Sale of Multiple Apartment Buildings in Chicago
Chicago–Essex Realty Group Inc. announced the sale of multiple apartment buildings on the South Side of Chicago.
DEAL OF THE DAY: NorthMarq Supplies $16.84M Mortgage for Apartment Property
Omaha, Neb.–NorthMarq Capital has arranged first mortgage financing in the amount of $16,840,200 for Tranquility Pointe Apartments.