TODAY’S DEALS: UDR to Acquire 507-Unit Dwell95 for $325M
UDR Inc. plans to acquire a condo-quality community in Manhattan’s Financial District for $325 million; Marcus & Millichap lists a 2.86-acre development site in El Monte, Calif., for $7.5 million; and George Smith Partners completes a $9.5 million bank loan for a discounted payoff purchase.
CalStar Introduces Permeable Paver Bricks
CalStar Products has introduced a line of permeable paver bricks that can help mitigate stormwater runoff. The stones can also help qualify for LEED credits in stormwater design quality management and quantity control.
TODAY’S DEALS: Wood Partners Grabs SoCal Land for $75M Community
Wood Partners acquires land for a $75 million luxury apartment community in California; ARA announces $38.15 million sale of property that was designed to condo specs; and SunCal purchases an idle master-planned development in Virginia.
TODAY’S DEALS: PCCP, B&M Management to Acquire 736-Unit Community in Alabama
A PCCP-B&M Management Company JV will acquire a 736-unit Class B community in Huntsville, Ala.; Charles Dunn Company completes the sale of an 18-unit apartment building in Los Angeles; and Marcus & Millichap brokers a $13.5 million sale of a defaulted note and judgment.
MHN TV: Converting Prospects to Renters with Thoughtful Design
Maria de las Mercedes Farrando of Beacon Communities talks to MHN about the importance of design concepts in landing renters, and how a high-quality, minimalistic decorating approach can save money and withstand the test of time.
TODAY’S DEALS: 300-Unit Phillips Development Gets HUD Financing
Phillips Development and Realty lands HUD financing for a Charlotte, N.C., community; Cassidy Turley BRE Commercial sells a 120-unit community in Ariz.; and Cambridge provides a $5.2 million FHA-insured refinance loan.
MHN TV: Green Building Labeling
Doug Walker speaks on green-building labeling initiatives and legislation that would give property owners another incentive to make buildings more sustainable.
TODAY’S DEALS: Advenir Acquires a 220-Unit Property in Colorado Springs
Advenir kicks off its Colorado acquisition campaign with a 220-unit community; Marcus & Millichap brokers the $34.2 million sale of an asset in Washington; and Walker & Dunlop closes a $6.6 million Fannie Mae loan.
A Perfect Chainsaw for Maintaining Your Grounds
The new 40 volt, lithium-ion-powered Cs250 chainsaw from Oregon PowerNow is light, durable, easy to use and no louder than a power drill.
TODAY’S DEALS: Vesper Holdings Acquires 506-Bed Michigan Student Housing
Vesper Holdings acquires a 506-bed student-housing community close to the University of Michigan; Phoenix-Orbach JV acquires a $46.5 million portfolio; and Kennedy Wilson closes a $63.8 million refinancing for its Japanese subsidiary.