News
TODAY’S DEALS: Ridge Capital Joint Venture Acquires Napa Portfolio for $39.5M
Ridge Capital Investors LLC and Redwood Real Estate Partners acquire two properties south of downtown Napa, Calif.; and Greystone originates $28 million in bridge loans for two seniors communities.
MHN Interview: Centerline Capital Group’s New Director of Affordable Housing Debt James Boris
Centerline Capital Group, a subsidiary of Centerline Holding Company, recently hired James F. Boris III as director, affordable housing debt. MHN talks to Boris about his new position and his predictions for the affordable and seniors housing industry.
CORT and Folds of Honor Foundation Launch Texting Program to Raise Money for Military Families
As part of CORT’s partnership with the Folds of Honor Foundation, the transition services company has introduced a new texting program that allows customers to make a donation for educational scholarships that benefit children and spouses of fallen or severely injured soldiers from the convenience of their mobile phones.
Aragon Holdings Buys Two Dallas-Area Properties
Aragon Holdings has announced its acquisition of two Class A apartment communities in the Dallas area.
Economy Watch: Case/Shiller Shows Strong Home Price Growth
The data on the U.S. housing market continues to be good. The S&P-Case/Shiller Home Price Indices for February, which were released on Tuesday, showed that average home prices increased 8.6 percent and 9.3 percent for the 10- and 20-city composites in the 12 months ending in February 2013.
‘What Renters Want’ with Jessica Fiur: In Defense of Non-Pet-Friendly Communities
Pet-friendly communities are becoming more and more popular, but does that mean property managers should comply?
Brooklyn Heights Condos Near Sellout
Condo sales have been gathering momentum in New York since last year, with new properties in various parts of town reporting increasing sales.
JV Breaks Ground on $39.5M N.D. Community, Banks on Oil Boom
In a joint venture, Braxton Development and The Sterling Group have broken ground on a $39.5 million luxury community in Williston, N.D. This area is currently a hot spot for development, thanks to the Bakken Shale Formation’s oil boom.
Auction.com Sells 12 Communities During Three-Day Multifamily Auction
Auction.com (www.auction.com), an online real estate marketplace, successfully auctioned 12 multifamily properties totaling 1,716 units during a three-day online auction earlier this month.
TODAY’S DEALS: HFF Arranges $6.1M in JV Equity, $17.8M Mortgage for Colorado Apartments
HFF arranges joint venture equity and Freddie Mac mortgage financing for a suburban property in Colorado; and NorthMarq Capital closes on a $12.56 million Freddie Mac mortgage.