Phoenix Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Phoenix apartment market fundamentals in this edition of our market research podcast.
TODAY’S DEALS: NGKF Completes $30M Sale of Flushing Redevelopment Site
A NGKF sale paves the way for a mixed-use development; Spirit Bascom Ventures acquires its second N.Y. property in a $33.1 million transaction; and Centerline closes $28.3 million in Fannie Mae financing for a multi-property deal in the Southeast.
TODAY’S DEALS: Carroll Organization Acquires 298 Units in Orlando
Carroll Organization completes a $36.6 million buy; Kennedy Wilson expands with $160 million in West Coast acquisitions; and Walker & Dunlop arranges $43.5 million acquisition financing with interest-only terms.
TODAY’S DEALS: Berkeley Point Capital Arranges $63M for Texas Apartment Acquisitions
Berkeley Point Capital arranges financing for the Steadfast acquisitions; IPA brokers a $47 million sale in Los Angeles; and BMC Capital provides a $1.29 million cash-out refinance loan.
Hydrotect by Crossville Improves the Health of the Built Environment
Imagine if your asset had an exterior façade or patio that cleaned naturally with water. What if that same surface purified the air by breaking down nitrogen oxides produced by exhaust fumes and smoke? While this may sound a bit futuristic, the future is now and it is called Hydrotect.
TODAY’S DEALS: Brookline Buys Oregon Apartments from Matteson Cos.
ARA brokers a sale outside of Portland, Ore.; Canyon Capital Realty and Bank of America invest in a Maryland TOD development; and CBRE/New England brokers the AEW sale of a property to AvalonBay.
TODAY’S DEALS: Beech Street Capital Closes $21.3M for D.C. Apartment Portfolio
Beech Street refinances two D.C. assets; Transwestern brokers a 180-unit sale in Colorado Springs; and NorthMarq Capital’s Raleigh office arranges two apartment acquisitions totaling $13.67 million.
TODAY’S DEALS: MetLife to Invest in $317M UDR Tower
MetLife and UDR partner up on a San Francisco development; World Class Capital acquires a student housing asset in Texas; and CBRE Global Investors Fund acquires a Phoenix-area apartment community.
TODAY’S DEALS: MCS Capital Acquires 1,720-Bed Student Housing Asset
A joint venture sells a student housing asset serving Virginia Tech; URS Capital Partners completes its first apartment acquisition in Florida; and Johnson Capital’s Denver office arranges a $6 million loan.
TODAY’S DEALS: Harmony, Spy Rock Sell Luxury Apartment in Virginia
ARA brokers a luxury Virginia sale; CBRE/New England arranges a $25.6 million disposition in Massachusetts; and NorthMarq Capital arranges a $22.5 million interest-only Freddie Mac loan for the acquisition of an apartment property.