TODAY’S DEALS: MAA Acquires 256-Unit Community in Savannah
MAA acquires a 256-unit community in Savannah, Ga.; Cushman & Wakefield sells a development site approved for 116 units in a Boston suburb; and NAI Hanson markets a New Jersey multifamily development site.
TODAY’S DEALS: D.C.-Area Community Sells for $93 Million
AION Partners and The Carlyle Group acquire a 570-unit community for $93 million; a private investment group buys a San Francisco portfolio for $44 million; and Hendricks & Partners participates in the sale of a 39-unit property.
TODAY’S DEALS: HFF Arranges $17.8 for Tallahassee Community
HFF arranges $17.8 million in financing for a 248-unit Class A community in Tallahassee; Black Castle Development submits letter of intent for 50-unit asset in Fresno; and NorthMarq arranges $15M five-year interest-only mortgage.
TODAY’S DEALS: Atlas/Andover Partnership Purchases 336-Unit Asset in Florida
Atlas Real Estate Partners and Andover Real Estate Partners team up for 336-unit acquisition; Hudson Realty Capital funds $4.28M for two properties; and Waterton Residential acquires a 210-unit, 55-plus adult community in Georgia.
TODAY’S DEALS: Prometheus Buys 342-Unit Property in Oregon
Prometheus completes a $51.2 million purchase of an Oregon community; Senior Living Investment Brokerage Inc. brokers the sale of 17 properties in one month; and HFF closes the sale of a Chicago Class A community.
TODAY’S DEALS: Berkadia Originates $13M for Illinois Student Housing Property
Berkadia originates $13 million for the acquisition of a student housing property; a JV between Wheelock and Iconic Development acquires a student housing complex in Virginia; and GFI Realty Services sells a Brooklyn apartment building for $7,700,000.
TODAY’S DEALS: NorthMarq Capital Arranges $180M Freddie Mac Mortgage
NorthMarq Capital supplies first mortgage financing of $180 million; C&W arranges the sale of a 48-unit community for $10 million; and Trade Street acquires a 172-unit property in Chattanooga.
TODAY’S DEALS: NorthMarq Capital Arranges $180M Freddie Mac Mortgage
NorthMarq Capital supplies first mortgage financing of $180 million; C&W arranges the sale of a 48-unit community for $10 million; and Trade Street acquires a 172-unit property in Chattanooga.
TODAY’S DEALS: BRE Properties Acquires 282-Unit Community in Oakland
BRE Properties acquires a 282-unit property in Oakland, Calif.; MAA buys a 300-unit community in Richmond, Va.; and HFF secures acquisition financing under Freddie Mac’s Program Plus.
MHN TV: California’s Segmented CRE Recovery
Chris Cooper, CEO of the Charles Dunn Company, speaks on the segmented nature of California’s recovery, gives his outlook for the remainder of 2011, and expresses concern over corporations learning to make do with less. This interview took place at the CoreNet Global Summit in Chicago this May.