News
Give Residents the Flexibility of Cash Payments with PayNearMe
PayNearMe bridges the gap between property managers and renters who wish to pay in cash. The service allows cash payments to occur 24 hour a day, 365 days a year.
Trumark Companies to Spend $300M for Six SF Condo Communities
Trumark Urban, a recently created division of Trumark Companies, has acquired a six-site portfolio in San Francisco, to build mid- and high-rise condominium communities of more than 500 units in the city’s urban core.
Yardi Expands Global Footprint with Office in Dubai, United Arab Emirates
Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is pleased to announce the opening of a new office in Dubai, United Arab Emirates.
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
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).