News
TODAY’S DEALS: HFF Arranges $11.5M Refinancing for Manufactured Home Community
HFF announced it has arranged an $11.5 million refinancing for Pacific Skies Estates; and Boston Capital Invests in a tax credit rehabilitation.
SPECIAL REPORT: Hurricane Sandy Likely to Stimulate Economy in Medium Term
Commercial property financing volume has increased by 25 percent in the first few weeks of the fourth quarter, said Sam Chandan, president and chief economist of Chandan Economics.
NorSouth Constructs’ Project of the Year is Green Community for Seniors
NorSouth Constructs has announced the opening of Oliver House, the second phase of a $30 million redevelopment of Allen Wilson Terrace Public Housing by the Decatur Housing Authority.
Canadian Real Estate Investment Trust Moves for Calgary Office Towers
The Morguard Real Estate Investment Trust has made an announcement regarding its most recent addition to its office portfolio. The entity has acquired a Calgary Class-A office property after the agreement to purchase the 100 percent freehold interest in the asset was finalized.
Oak Grove Capital Adds Three to Growing Underwriting Team
Oak Grove Capital, a lending partner to the market rate multifamily, seniors and affordable housing markets, announced that it has added three senior-level underwriters with an average of 13 years of experience to its growing team.
Pennsylvania Apartment Portfolio Wins $70M Refi
A seven-building apartment property portfolio, owned by Reinhold Residential and comprised of properties in Pennsylvania, has obtained refinancing to the tune of $70.2 million. All of the properties have the distinction of being historic structures that have been converted to multifamily rental space.
MARKET SNAPSHOT: Tech Industry Shores up San Francisco’s Prime Market Status
The San Francisco Bay Area remains one of the hottest multifamily markets in the country, with employment in the technology sector serving as a boon for the city’s overall economic climate.
Economy Watch: Investors Return to the Trading Floor
Wall Street was back in business again on Wednesday, despite crippled infrastructure in the equities markets’ hometown.
Electric Companies Deploy Nationwide Response to Restore Power
An army of more than 53,000 utility workers from around the country, and as far away as Canada, California and Washington state, is joining forces to begin the arduous task of restoring electricity to millions of Americans whose power was interrupted by Hurricane Sandy’s massive wake.
TODAY’S DEALS: IPA Sells $30M Asset On Behalf of Sentinel Real Estate
Institutional Property Advisors (IPA) arranged the sale of Highpoint Club Apartments, a 43-building multifamily community in Orlando, for $86,207 per unit; and Crescent Resources buys 993 acres for a new mixed-use community.