TODAY’S DEALS: MG Properties Acquires 770 Units in California
MG Properties drops $80 million on four California apartment communities; Beech Street closes a $9.1 million refinance for a Colorado asset; and Essex Realty brokers the sale of a courtyard apartment building in Chicago.
TODAY’S DEALS: Praedium Group Buys Colorado Springs Apartments from Griffis/Blessing
The Praedium group completes a $48.5 million apartment acquisition; Greystone refinances two South Florida multifamily assets; and Centerline provides $3.4 million for an acquisition in San Antonio.
ULI Spring 2014 – Resilient Cities and Why They Matter
Dr. Richard Barkham, group research director at Grosvenor Group, discusses the Resilient Cities Research Report released at the ULI Spring Meeting in Vancouver last week.
TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments
Pacific Southwest Realty Services secures $32 million for a 447-unit asset via a life company; NorthMarq Capital negotiates a $26.3 million student housing acquisition in West Virginia; and Centerline provides a $4.8- million FHA 223(f) loan to refinance an affordable housing property.
TODAY’S DEALS: Banner Essex Acquires 274 Units in Charlotte
Banner Essex Strategic Fund II completes its second buy; a condominium-entitled apartment trades hands for $14.2 million in Oceanside, Calif.; and The Greysteel Co. is retained as the exclusive agent for the sale of a 28.64-acre property in Northern Virginia.
Arriscraft Stone Achieves the Quarried Look without the Cost
Arriscraft uses a high-pressure bonding process to create man-made stone with a quarried stone look. The end result is a 100 percent dimensionally stable, non-fading stone that requires no waterproofing.
What Will Replace Apartments as the Hot Sector?
USAA Real Estate Company’s Bahram Motamedian gives insight on the company’s current investment strategy. Today the firm is a net seller of core assets, but is looking for value-add opportunities in secondary markets as well as BTS or speculative development opportunities in office. Speculative industrial is also looking hot, while multi-family is not.
TODAY’S DEALS: MIG Snaps Up 168-Units in Denver
ARA brokers an apartment sale outside Denver; San Antonio Commercial Advisors completes a value-add transaction in San Antonio; and Bernard Financial arranges a $5.2 million loan.
ULI Spring 2014: Smart Moves for Smart Capital
While institutional capital isn’t necessarily known for its flexibility and innovation, an environment of accelerating change in business conditions has some companies adjusting their strategies for securing high yields while minimizing risk.
ULI Spring 2014: The Business Case for Resilience
As the frequency and intensity of catastrophic natural disasters increase, the real estate community has shifted a focus on how to build and retrofit cities to withstand their impacts.