News
TODAY’S DEALS: Bascom Buys 624-Unit Apartment in Las Vegas
The Bascom Group completes its 11th buy for 2013; Greystone provides $24.3 million for a Louisiana rental; and Largo Group of Companies arranges financing for multifamily properties.
Block Funds Acquires Luxury Community in Lewisville, Texas
Block Funds has announced that it has acquired Bella Madera, a 612-unit, Class A luxury apartment community in Lewisville, Texas, near State Highway 121 and Interstate 35E.
Pennrose Completes The Gateway at Summerset
The final phase of construction is complete at The Gateway at Summerset, a high-end apartment community in the Squirrel Hill neighborhood of Pittsburgh.
Arbor Appoints Kevin Hern as Vice President
Arbor Commercial Mortgage LLC announced the appointment of Kevin Hern as vice president.
Ocius Adds Maintenance Requests and Live Balances to Next Generation Mobile App for Apartment Residents
Ocius, a provider of resident billing and utility invoice processing services for apartment managers, announced the immediate availability of the next generation of its award-winning resident mobile app, My Resident Network.
Economy Watch: Residential Price Increase Still Strong
CoreLogic reported that home prices nationwide, including distressed sales, increased 12 percent on a year-over-year basis in September.
NWP’s CEO to Participate on Panel at the 2013 NMHC OpTech Conference
NWP Services Corporation (NWP) a provider of utility management solutions in the multifamily housing industry, announced that Michael Radice, chief executive officer for NWP, will participate on an expert panel at the 2013 National Multi Housing Council’s (NMHC) OpTech Conference to be held November 11-13 at the Hilton Anatole, in Dallas.
Harbor Group Buys Three Florida Apartment Properties
Harbor Group International has acquired the 272-unit West Winds apartment property and the 210-unit Verandahs at Hunt Club in Orlando, as well as the 146-unit Forestlake Apartments in Daytona Beach.
Laurence Pelosi Joins Thompson | Dorfman Partners New Division TDP | Bay Area Partners
Thompson | Dorfman Partners LLC, a developer, owner and manager of multifamily real estate, announced that Laurence Pelosi has joined TDP | Bay Area Partners LLC, a Thompson | Dorfman company, as a partner.
TODAY’S DEALS: Meridian Capital and Beech Street Arrange $90.4M for Five California Apartment Assets
Meridian, Beech Street arrange refinancing for five apartment assets; Champion buys a 304-unit rental in Ohio; and Centerline refinances a multifamily property for $3.4 million.