MHN TV: San Bernardino Industrial Market Alive and Well
Kelly Reenders, deputy director for the County of San Bernardino Economic Development Agency, discusses how the San Bernardino industrial market is making a comeback. Transport convenience has played a large role in the recently flurry of transactions.
TODAY’S DEALS: Kennedy Wilson Completes 2011’s Largest MF Transaction
Kennedy Wilson completes the largest multifamily asset transaction for 2011; BH Properties purchases a 420-unit community in Phoenix; and Hendricks & Partners brokers a $1.35 million sale of an apartment community in California.
TODAY’S DEALS: The Donaldson Group Acquires 492-Unit Asset
The Donaldson Group and Angelo, Gordon & Company acquire a 492-unit property in Suitland, Md.; Essex Realty Group sells a portfolio consisting of six Chicago properties; and Deutsche Bank Berkshire Mortgage provides $31.3M in interest-only, Fannie Mae financing.
TODAY’S DEALS: Trillium Residential Sells 724-Unit Property for $76M
Trillium Residential sells a 724-unit community for $76 million; Lynd purchases an $80 million portfolio of distressed student housing; and Hendricks & Partners oversees a $16,000 per-unit sale.
TODAY’S DEALS: Lee & Associates Moves 15-Unit Apartment Building for $2.5M
Lee & Associates sells a 15-unit apartment building for $2.5 million; Waterton Residential purchases 509 condo units at Lansbrook Village in Palm Harbor, Fla.; and Tikijian Associates handles the sale of a 88-unit property in Mooresville, Ind.
TODAY’S DEALS: C&W Sells 217-Unit Property in Hoboken
Cushman & Wakefield handles the sale of a 217-unit Class A property in Hoboken, N.J.; Marcus & Millichap arranges a $9.3 million refinance for a multifamily asset in Anaheim; and NorthMarq Capital arranges a $10.5 million Freddie Mac acquisition loan.
TODAY’S DEALS: The Praedium Group and Price Realty Acquire a 362-Unit Property
The Praedium Group and Price Realty Corporation acquire a 362-unit community in Lewisville, Texas for $20 million; Bell Partners purchases a 232-unit apartment property in Greensboro, N.C.; and Walker & Dunlop closes $18.1M Freddie Mac ARM.
TODAY’S DEALS: ARA Completes Distressed Portfolio Sale
ARA completes a 10-property distressed portfolio sale; Marcus & Millichap sells a vintage San Francisco apartment for $4.75M; and George Smith Partners arranges $17M in financing.
TODAY’S DEALS: Behringer Harvard Buys 200-Unit Community near Boston
Behringer Harvard acquires a 200-unit luxury community in a Boston suburb; Transwestern brokers a $72 million, 1,107-unit portfolio sale in Maryland; and Trade Street Capital buys a 263-unit property in Chattanooga, Tenn.
TODAY’S DEALS: IPA Brokers $38M Sale near San Francisco
IPA arranges the sale of a 250-unit community in Union City, Calif. for $38 million; PCCP partners with Signature Development Group to acquire a 130-unit luxury project in Dublin, Calif.; and HFF arranges financing for manufactured home communities.