News
Walker & Dunlop Servicing Portfolio Surpasses $40 Billion Milestone
Walker & Dunlop Inc. announced today that its loan servicing portfolio crossed over the $40 billion mark.
‘What Renters Want’ with Jessica Fiur: Why You Should Steal the Coca Cola Marketing Plan for Your Apartment Community
The “Share a Coke” marketing plan is genius. You should use some aspects of it when marketing your community.
Madison Realty Capital Acquires Manhattan Mixed-Use Property For $40.2M
Madison Realty Capital has acquired 361 East 50th St., a six-story mixed-use elevator building located in the Midtown East section of Manhattan, for $40.2 million.
Economy Watch: Case-Shiller Shows Smaller Home Price Rises
According to the latest S&P/Case-Shiller Home Price Indices, the 10-city and 20-city composite indexes were up 9.4 percent and 9.3 percent year-over-year respectively in May, down from 10.9 percent and 10.8 percent in April.
Economy Watch: Pending Home Sales Edge Down
The National Association of Realtors reported on Monday that its Pending Home Sales Index, a forward-looking indicator based on contracts inked but not closed, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (when it was 110.8).
Argos Development’s The Montrose Residences have Sold Out
Real estate marketing company Urban Pace LLC has announced that all the condominium homes at The Montrose Residences, a 15-unit low-rise community in Washington’s prestigious Georgetown neighborhood, have sold. The building, the former home of Henry and Anne Hurt Home for the Blind, has recently undergone a three-year renovation and all of the luxury units were sold just six months after the project’s completion.
TODAY’S DEALS: Parse Capital Provides $7.3M Mezz. Piece for Luxury Houston Apartments
Parse Capital partners with JPI Companies on a $37 million Houston development; Capital One closes an $8.8 million refinance for a New Hampshire assisted living community; and ARA’s Colorado office handles the $899,000 sale of a 14-Unit townhome community in Colorado Springs, Colo.
South Jersey Apartment Community Sells for $26M
The 484-unit Chalet Gardens in the Philadelphia suburb of Pine Hill, N.J., has traded hands for $26 million.
TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing
NorthMarq refinances two assets in Alameda, Calif.; Marcus & Millichap closes the sale of Imperial Crown apartments; and Berkadia originates $34 million for a multifamily property on Long Island, N.Y.
L+M Development Opens Final Phase of Candlestick Heights
Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood.