MHN TV: The Battle for Multifamily
Faron Thompson, Managing Director of capital markets at Jones Lang LaSalle, describes how the banks, life insurance companies and GSEs are claiming a healthy slice of the multifamily market today.
TODAY’S DEALS: HFF Arranges Refinancing for Austin Asset
HFF arranges refinancing for a 184-unit community north of Austin; NorthMarq arranges $27.1 million in combined mortgages for four properties; and Charles Dunn completes a 50-unit sale in Santa Monica.
TODAY’S DEALS: Prudential Closes $80.5M Loan to Bonaventure Realty
Prudential Mortgage Capital Company closes an $80.5 million loan; Marcus & Millichap sells 26 units in California; and Alliant Capital completes a $1.45 million refinance of an eight-unit building.
ProjectStone by Belstone Unveils Modern Fixture Line
ProjectStone by Belstone has introduced Belstone Brass, a new fixture line that elegantly combines luxury and affordability elements. The line, billed as a perfect solution for hospitality suites, can easily be tailored to any multifamily design setting or layout thanks to innovative styles and the sheer variety of fixtures available.
TODAY’S DEALS: Colonial Properties Trust Acquires 312-Unit Asset
Colonial Properties Trust completes a 312-unit acquisition in Dallas; Stoneleigh buys a 228-unit community outside San Antonio; and GFI Realty Services brokers the sale of a154-unit asset in Brooklyn, N.Y.
TODAY’S DEALS: Marcus & Millichap Sells 2,253-Units
Marcus & Millichap brokers the sale of a nine-property portfolio; Health Care REIT completes a $632.5M public offering; and Dome Equities acquires a 220-unit property.
TODAY’S DEALS: Pollack Shores Acquires Two Atlanta Area Assets for $49.1M
Pollack Shores Real Estate Group acquires two Class A properties in the Atlanta area; Johnson Capital arranges $33 million for three luxury properties in Los Angeles; and Marcus & Millichap brokers the sale of a community in Washington, D.C., for $17.1 million.
TODAY’S DEALS: Education Realty Trust Announces $108M Acquisition Plans
Education Realty Trust announces a $108 million acquisition and development plan; and Bozzuto, Abdo and Pritzker break ground on $200 million mixed-used development in Washington, D.C.
LG Hausys Reaches New Green Ground for Solid Surfaces
LG Hausys Surfaces has made a big step forward for sustainable interior design with the release of Eden Plus, a surface with up to a 41 percent pre-consumer recycled material content.
TODAY’S DEALS: Gotham Breaks Ground on $520M Manhattan Development
Gotham Organization Inc. breaks ground on a neighborhood-changing development in Manhattan; Beech Street Capital provides an $11.2 million loan for a community in Orlando; and Essex Realty Group sells two vintage apartments in Chicago.