News
HFF Arranges $25M in Acquisition Financing for Minneapolis Community
HFF has closed the sale of and arranged $25 million in acquisition financing for a 228-unit, mixed-use multifamily community in Minneapolis to KBS Legacy Partners Apartment REIT Inc.
PROFILE: Bloomfield Capital Finds Opportunity in Taking Out Distressed Loans
It may be a struggle to find lenders for certain distressed properties today. Those are the very properties that Bloomfield Capital caters to.
TODAY’S DEALS: ARA Brokers 309-Unit Sale in Austin
ARA brokers the sale of an Austin asset; KBS Legacy Partners Apartment REIT completes its first purchase of 2013; and NorthMarq Capital obtains $21.7 million in acquisition financing from a life insurance company.
Virginia’s Stonebridge to Feature 600-Unit Apartment Community
Agreement has been reached to build a 600-unit urban-style apartment community in Stonebridge, an 83-acre mixed-use project in one of Chesterfield, Va.‘s key retail-business corridors.
Economy Watch: New Home Sales Down Monthly, Up Annually
The Census Bureau reported on Friday that U.S. new home sales dipped 7.3 percent from November to December (seasonally adjusted, since sales always go down toward the end of the year).
Haley Real Estate Group Announces $8M Renovation for Oklahoma Community
Omaha, Neb.-based Haley Real Estate Group announced they are investing $8 million to renovate Park Place, an apartment community in Oklahoma City, Okla.
TODAY’S DEALS: Centerline Finances Denver Acquisition with $33M Loan
Centerline Capital provides acquisition financing for a 573-unit asset; HFF arranges a $19.6 million refinancing for Ellis-Trick Multifamily; and Alliant Capital originates two 10-year financings totaling $5.7 million.
Pennrose Management Company President Contributes Time to NJAA
On Wednesday, January 23rd, Robert Lampher, President of Pennrose Management Company, was elected as a board member for the New Jersey Apartment Association (NJAA) during the Annual Membership Meeting at the Imperia on Easton.
Mumbai Luxury Residential Project Opens Pre-Bid to Overwhelming Response
Lodha Group has recently announced launching the pre-bidding process for two projects within its massive luxury residential development named Codename Blue Moon in South Mumbai’s Worli area.