Business Specialties
TODAY’S DEALS: Arbor Funds Five-Year FRM Under Freddie Mac’s New Loan Offering
Arbor Commercial Mortgage funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, N.Y.; and BMC Capital provides a $829,411 cash-out refinance.
Point/Counterpoint: The Urban Rental Housing Affordability Crisis—Does the Student Housing Model Provide an Answer?
Would the student-housing model work in the market-rate industry?
TODAY’S DEALS: Capital One Multifamily Closes $63.3M Freddie Mac Acquisition Loan
Capital One Multifamily Finance provides a 10-year fixed-rate loan for the acquisition of Artessa at Quarry Village; and a Berkshire Group affiliate purchases a Class-A property in Oakland, Calif.
$25.2M Affordable Community to Open in Texas
AMTE is developing 160 units of affordable housing in Fort Worth, Texas. Construction is set to begin in spring 2015 on Avondale Apartments, valued at $25.2 million.
TODAY’S DEALS: KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio
KeyBank Real Estate Capital closes a $334.4 million Fannie Mae credit facility for Enlivant; and NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34 million.
Fiesta Park
BH Properties recently renovated its affordable apartment community Fiesta Park. The community, located in Mesa, Ariz., was able to increase its occupancy by 40 percent. MHN looks at some of the stats of the successful property overhaul.
Crisis Management
The Ebola panic in the U.S. has subsided, but don’t delay developing protocols.
European Fashion Retailer Signs Long-Term Lease for 677,000 Sq. Ft. Lehigh Valley Warehouse
Primark, a European fashion retailer looking to expand overseas, has officially entered the US market by leasing a 40-acre site in Pennsylvania’s Lehigh Valley industrial market to support its east coast operations.
Bed Bath & Beyond Heading to Brooklyn
After going through a $100 million makeover, the 1.1 million square foot Liberty View Industrial Plaza is rapidly turning into Brooklyn’s most wanted place to lease for retailers.
Brookline Multifamily Property Sells for $50.2 Million
A joint venture between Westbrook Partners and Nordblom Co. sold a multifamily property in Brookline, MA, in a $50.15 million transaction arranged by HFF.