TODAY’S DEALS: HFF Arranges $191M in Construction Financing for Boston Mixed-Use Development
HFF arranges construction financing from a life insurance company for The Van Ness, located in Boston; Preferred Apartment Communities completes a Virginia purchase; and Greystone provides $30 million for two properties in Texas and Tennessee.
TODAY’S DEALS: HFF Arranges $28.5M for Class A Florida Asset
HFF arranges a refinancing for a Jacksonville property; NorthMarq and West Coast Capital place $11.5M for a 124-unit asset in Redlands, Calif.; and Beech Street Capital completes a Fannie Mae acquisition loan.
2013 Most Powerful Brokerage Firms
This month’s real estate research focuses on the state of the brokerage industry. We were surprised by the growth of investment sales from 2010 to 2012, which nearly doubled in volume during the three-year time frame from $148 billion to $267 billion.
TODAY’S DEALS: PREI Sells Arizona Asset for $11.5M
Colliers brokers PREI’s sale of a 192-unit asset; and Marcus & Millichap handles a large portfolio sale in Atlanta.
TODAY’S DEALS: Berkeley Point Capital Provides $10.4M Refi for Affordable Asset
Berkeley Point Capital provides $10.4 million to refinance a Class C community; and Walker & Dunlop arranges $60.7 million for five off-campus student housing properties.
TODAY’S DEALS: Kennedy Wilson and Partners Buy 420 Apartment Units in Dublin
Kennedy Wilson completes a $108.9 million Dublin acquisition; The Preiss Company buys a 770-bed asset in Gainesville, Fla.; and CIT provides Spirit Bascom Ventures with $33.3 million in acquisition financing.
TODAY’S DEALS: Pacifica Acquires Florida Community for $33M
IPA completes a 400-unit sale in Florida; Colliers negotiates a 110-unit student housing disposition in Tempe; and Centerline Capital provides $3.7 million to refinance a property in Oak Park, Ill.
TODAY’S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix
Bascom Arizona Ventures completes its 10th buy in the past 12 months; The RADCO Cos. buys a 208-unit asset in Illinois; and Lucent Capital provides an $11.83 million loan.
TODAY’S DEALS: Steadfast Adds Three Assets to Portfolio in $62M Acquisition
Steadfast Income REIT acquires 642 units; ARA brokers a sale in Virginia; and NorthMarq arranges a $16.7 million mortgage from a life insurance company.
TODAY’S DEALS: Beech Street Refinances NYC Portfolio
Beech Street Capital closes a $49.5 million loan for a NYC portfolio; Cohen Financial secures $34 million for a Colorado development; and Centerline Capital provides an $11.4 million refinance loan for a Maryland property.