TODAY'S DEALS: EdR to Develop Off-Campus Housing in Downtown Phoenix
EdR begins a joint venture development in Phoenix; Holliday Fenoglio Fowler transacts and arranges financing for a Houston asset; and Meridian Capital negotiates New York City financing with interest rates in the 3 percent range.
TODAY'S DEALS: Lee & Associates Sells a 358-Unit Asset in Long Beach
Lee & Associates transacts the sale of a 358-unit community in California; Beech Street Capital finances a $9.5 million loan for a Miami acquisition; and NorthMarq Capital arranges a $20.1 million mortgage/bridge loan for a seniors housing portfolio.
TODAY'S DEALS: AREA Property Partners Acquires 1,180 Units in Virginia
AREA Property Partners buys a large asset in Alexandria, Va.; Chestnut Hill Realty completes an addition on a Massachusetts re-positioning; and Mortgage Equicap arranges a $17 million construction loan.
Leucos Introduces Solea Wall/Ceiling Light
Leucos USA, an importer of high-end Italian lighting, has unveiled a new light that celebrates the upcoming spring. The new piece, called Solea, was designed by Javier Mariscal, a Valencian Spanish artist and designer who resides in Barcelona.
TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas
Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and ARA announces the sale of a 350-unit Class-A apartment community in Raleigh, N.C.
TODAY'S DEALS: Morgan Properties Buys 192-Unit Community Near Philadelphia
Morgan Properties buys a community for $31.4 million; Holliday Fenoglio Fowler secures financing for a student housing asset; and Lee & Associates transacts a $7.8 million sale.
Avoiding Workplace Violence: What Property Managers Need to Know
The recent sexual assault of a Texas property manager serves as a tragic reminder of the potential for crime and violence inherent in working with the public. However, hardened criminals are just one potential source of trouble. Tenants, visitors, co-workers, vendors and spillovers from domestic violence are also areas of risk.
TODAY'S DEALS: HFF Lands $22.2M for Class A Community in Central Florida
Holliday Fenoglio Fowler lands financing for a 270-unit property in Florida; an Archstone sponsored partnership completes a $63.2 million purchase; and Walker & Dunlop completes a $9.55M refinance loan for a mixed-use property in New Orleans.
TODAY'S DEALS: IPA Sells Sacramento-Area Asset for $48.3M
IPA brokers the sale of a 452-unit asset near Sacramento; EdR wins approval for a student housing revitalization at the University of Kentucky; and Eastern Consolidated procures a buyer in the $33.8 million sale of a property in Manhattan.
Treefrog Introduces New Solution for Revamping Common Spaces
A new line of textured wood veneers from Treefrog lets designers achieve the exotic hardwood look without the expense and environmental impact.