News
Stonemark Adds Another 1,600 RADCO-Owned Units to its Portfolio
Stonemark Management has expanded its management partnership with The RADCO Cos. in a big way.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
AMCAL Announces Completion of Santa Ana Special Needs Community
A new 41-unit community offering affordable housing for those with physical and developmental disabilities has reached full occupancy.
Economy Watch: Existing Homes Sales Drop in January
Weather is blamed for slow single-family sales and the G20 announces plans for structural reforms to facilitate global growth.
Marketing: Analyze This!
Savvy multifamily firms monitor multiple metrics to track the impact of marketing. This year, centralized data collection, leading to more efficient reporting and better-than-ever analysis capabilities, is likely to be a definitive trend.
David Durning: Construction Financing from an Insurance Company
VIDEO: David Durning, president and CEO, Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Ground Breaks on New Supportive Housing Community in Santa Monica
The Hollywood Community Housing Corporation (HCHC) and Step Up On Second broke ground today on a supportive housing community in Santa Monica, Calif.
TODAY’S DEALS: Cornerstone Acquires Baltimore Apartment from The DSF Group
HFF brokers the sale of a 14-story high-rise in Baltimore; Berkadia provides $28 million for two Texas acquisitions; and RED closes a $26.2 million seniors housing construction loan.
George Smith Partners Secures Construction Loan for Las Vegas Property
George Smith Partners has arranged $51 million in construction financing for a 360-unit asset in Las Vegas. The developer is a joint venture between The Calida Group and Cypress Equity Investments.