DEAL OF THE DAY: ARA Brokers Sale of Uncompleted Apartment Property
Apartment Realty Advisors (ARA) recently arranged the sale of The Bridgemoor at Killeen, a 180-unit apartment community in Killeen, Texas.
Get Ready for ‘Fair Value’
A new method of reporting commercial real estate asks ‘what can you sell the property for?’
DEAL OF THE DAY: HFF arranges 7-Year Freddie Mac Acquisition Loan
The Dallas office of HFF (Holliday Fenoglio Fowler LP) has arranged financing for Meadow Chase Apartments, an 86-unit multi-housing complex in West Des Moines, Iowa.
DEAL OF THE DAY: NorthMarq Capital Arranges $3.7M Supplemental Mortgage
Jeff Chaney, senior vice president and managing director of NorthMarq Capital’s St. Louis Regional office, arranged a $3.7 million supplemental mortgage for the Hickory Valley Retirement Center.
‘Foong on Finance’ with Keat Foong: What Real Estate Executives Think
Here is an advance look into what real estate executives think, according to DLA Piper’s annual State of the Market Survey. DLA Piperis bringing together the best minds in real estate for its ninth Global Real Estate Summit. Experts at the conference will diagnose each sector of commercial real estate and compare insights. In correlation with the event, the firm normally release the results of their survey. Some of the findings for this year: -The majority of respondents (60 percent) believe that real estate markets have already reached, or will reach, bottom in 2010. -Six out of 10 respondents…
DEAL OF THE DAY: Walker & Dunlop Closes $138.935M Freddie Mac Loan
Walker & Dunlop originated a $138,935,000 loan for Elan at River Oaks located in San Jose, Calif.
The Next Generation CMBS Loan
Who would have thought during the depths of the financial crisis that CMBS financing would be returning to the market by early 2010, if at all? But that is indeed happening.
DEAL OF THE DAY: Charles Dunn Co. Closes $2.15M Sale at Asking Price
Hamid Soroudi and Cari Widman of Charles Dunn Company’s
DEAL OF THE DAY: Deutsche Bank Berkshire Mortgage Arranges $14.3M for Student Housing
Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $14.3 million Freddie Mac loan for the refinancing of Capri at University of Oregon Apartments, a 100 percent dedicated student housing property located across the street from the main campus at the University of Oregon.
‘Foong on Finance’ with Keat Foong: One More Reason Why More Distressed Properties Will Become Available
Interest in distressed properties remains high, among homebuyers and investors alike. Some CRE investors may even be holding off on acquisitions at the current ridiculously compressing cap rate environment in the expectation that more distressed properties will be hitting the market down the road. This month, attorney Stuart Saft, Dewey & LoBoeuf’s Global Real Estate chair and an authority on workouts and distressed assets, pointed out another reason to expect that more assets may be put on sale in the near future. He says that “Until now many workouts involved merely extending the term of the loans with the hope…