News
Economy Watch: CRE Investors to Keep Up Buying in ’17
Investor appetite for non-core assets increased significantly in 2017, with industrial replacing multifamily as the most attractive asset type, according to CBRE’s recent investor intentions survey.
Capstone Adds 5 Texas Communities to Management Portfolio
The properties encompass 823 units and are in Houston, Ingleside and El Paso, Texas.
Arrimus Buys Student Housing Community, Adds Partner
In a deal arranged by CBRE, the company paid $63.7 million to acquire the Class A asset to acquire the Class A asset in Denton, Texas, from Parkland Development.
HFF Facilitates Acquisition Financing for Apple Creek
At the time of the deal, the asset was 98 percent leased.
Infographic: US Secondary Markets See Record Multifamily Investment
Led by the West, secondary markets saw a 16-year high in multifamily investment during 2016.
Walker & Dunlop Facilitates $222M Refi Ahead of Rate Increases
The private borrower used the IRR program to obtain lower interest rates on 30 existing HUD loans backed by senior living and healthcare properties.
JV to Bring Luxury Condos to Manhattan’s Gramercy Park
The first development for Silverback will be a 13-story, 80,000-square-foot building housing 60 units.
Hunt Mortgage Expands Buffalo Team
The company opened a new production office in upstate New York, bringing on Zach Casale to oversee local operations.
Palm Beach Boutique Oceanfront Condominium Tops Off
Third Palm Capital’s project will be the first new luxury condo development on Singer Island in almost a decade.
Walker & Dunlop Arranges $36M Loan for Affordable Property
The financing was used to purchase and rehabilitate Lake Delray Apartments, a Class B community in Delray Beach, Fla.