TODAY’S DEALS: CBRE Secures $99M JV Equity and Construction Loan
CBRE secures a $99 million construction loan for Magellan’s 499-unit high-rise in Chicago; MAA acquires a 297-unit community in Jacksonville, Fla.; and Arroyo & Company negotiates the sale of a 76-unit community in Santa Rosa, Calif.
TODAY’S DEALS: Real Capital Solutions, Family Development Purchase Gated Adult Community
Real Capital Solutions and Family Development acquire a gated adult community in Palm Desert, Calif.; Silver Capital and McCann Partners acquire a 166-unit property in Zionsville, Ind.; and Marcus & Millichap sells a 22-unit asset for $2.3 million.
TODAY’S DEALS: Archstone Acquires 187-Unit Condo-Conversion for $80M
Archstone acquires a 187-unit condominium development; BPG Properties sells a 292-unit community in San Antonio; and Hendricks completes the sale of a 36-unit asset in Ohio.
Digitexx System Lets Owners Know if a Building Is Safe Post-Quake
Digitexx Data Systems unveils a new service that assesses damage and lets property owners know if a building is safe for re-occupation following an earthquake.
TODAY’S DEALS: Phoenix, Paredim Acquire Connecticut Community for $27.7M
Phoenix Realty Group and Paredim Partners acquire a 192-unit community in Connecticut; Harbour Realty buys a 368-unit community in Tamarac, Fla.; and GFI Realty sells mixed-use buildings in a prime Brooklyn location for $10 million.
TODAY’S DEALS: George Smith Arranges $92M in Debt, Equity Construction Loan Take-Out
George Smith Partners arranges $92 million for an L.A. community; A JV between Praedium and StarPoint acquires a 558-unit community for $79 million; and IPA brokers the sale of a 220-unit community in Southern California.
U.S. Making a Strong Recovery According to IPD Global Index
Peter Hobbs, senior director of Group Business Development at IPD, discusses research from the IPD 2010 Global Index, which found, among other things, that multifamily was the top performing asset class in the United States for 2010.
TODAY’S DEALS: Bascom, Carlyle Acquire 840-Unit Portfolio for $31.7M
Bascom and Carlyle pick up an 840-unit portfolio for $31.7 million in Denver; Trion Properties acquires a distressed 20-unit property in Los Angeles; and HFF arranges a $4.48 million Fannie Mae acquisition loan for a value-add project.
TODAY’S DEALS: HomeStreet Arranges $35M for Seattle Mixed-Use Project
HomeStreet Capital arranges $35 million for a mixed-used building in Seattle; Beech Street Capital provides a $10.4 million loan for a 274-unit community in Baltimore; and Eastern Consolidated oversees a $17 million sale of bank-owned properties.
TODAY’S DEALS: Partnership Picks Up Mixed-Use TOD in Chicago
Canyon-Johnson Urban Funds and McCaffery Interest acquire a mixed-use TOD; Cassidy Turley sells a community in Phoenix for $5.3 million; and Phillips Development sells an apartment asset to its equity partner for more than $34 million.