TODAY’S DEALS: Elco Landmark, Timbercreek JV Acquires 1,380-Unit Portfolio
Elco, Timbercreek complete a four-property JV buy; and The RADCO Cos. completes seven Georgia purchases in the past two weeks.
Anaheim Luxury Apartment Community Opens for Leasing
Vivere Apartments, a 92-unit apartment community in Anaheim, Calif., has opened for preview leasing.
Economy Watch: Fiscal Cliff Bill Passes Congress
In an exceedingly rare flurry of activity on a federal holiday (namely New Year’s Day 2013), Congress acted to forestall the fiscal cliff.
TODAY’S DEALS: Steadfast Acquires Kentucky Property for $52.5M
Steadfast Income REIT completes a 436-unit buy; Crescent Resources begins its second student housing asset; and Macfarlane Partners acquires the last remaining vacant lot in San Francisco’s Mid-Market for $7.8 million.
TODAY’S DEALS: Vornado Buys Interest in 1,328-Unit Manhattan Asset
Vornado buys into a large Tribeca asset; Charles Dunn Co. completes an L.A. sale to the tune of $10.8 million; and The Sterling Group opens a luxury asset in Alabama.
TODAY’S DEALS: CityCenter Closes Bulk Las Vegas Condo Sale
A $119 million bulk condo sale closes in Las Vegas; Ares Commercial Real Estate provides $49.6 million for a Tampa-area acquisition of two properties; and NorthMarq advances a $29.3 million Freddie Mac refinance at less than 3.5 percent interest.
TODAY’S DEALS: Lynd, Endeavor Begin 36-Story Luxury Asset in Austin
A joint venture breaks ground on a luxury Austin asset; Oden Hughes begins a 570-unit community also in Austin; and KeyBank Real Estate provides $45.7 million in Fannie Mae and bridge loans for Atlanta properties.
TODAY’S DEALS: Post Brothers Completes Largest Market-Rate Philly Buy in 2012
Post Brothers acquires a Philly asset for $51 million; Berkeley Point Capital arranges a $29.1 million first mortgage to pay off an existing bridge loan; and Lee & Associates brokers a $15.6 million sale in Burbank, Calif.
TODAY’S DEALS: Spirit Bascom Completes $43.4M Connecticut Purchase
Spirit Bascom Ventures buys a $43.4 million property in Connecticut; Kennedy Wilson grabs a $41 million asset in Washington; and NorthMarq arranges $38 million in acquisition financing supplied by a life insurance company.