News
Anaheim Apartment Complex Bags $30M Refi
Amberway Apartments in Anaheim has obtained a $30 million Freddie Mac loan to refinance existing debt.
Today’s Deals: UDR, KFH Complete $154 JV Acquisition
A joint venture acquires a 292-unit asset in Washington; Colliers sells two properties in Phoenix; and Essex Realty facilitates a $11.55 million sale in Skokie, Ill.
South Bend to Welcome New Senior Housing Development
Ground was recently broken on a new affordable housing community in the northern Indiana city of South Bend.
A10 Capital Announces New Head of Southeast Markets
10 Capital, a platform that provides real estate financing products across the entire capital stack, announced that it has hired Chuck Taylor to head up Southeast markets for the firm.
Aon Launches New Tenant Rent Default Insurance in U.S.
Aon, a provider of risk management services, insurance and reinsurance brokerage and human resources solutions, announced that it has partnered with QBE Insurance to release Aon Rent Protect, a new insurance product designed to reimburse landlords for lost income when tenants default on rent payments.
MARKET SNAPSHOT: Private-Employment Sector Grows, Strengthening Rental Demand in Salt Lake City
Salt Lake City employment expanded 1.8 percent in the first three quarters of 2011, with nearly 11,000 jobs added to the marketplace, which equates to a 2.3 percent increase in private sector employment. Additionally, Marcus & Millichap projects that an additional 14,000 jobs will be added in 2012.
Economy Watch: Existing Home Sales Up in November
The National Association of Realtors reported on Wednesday that existing home sales rose again in November compared with October and with the same month a year ago.
MRI Software Announces Acquisition of VaultWare
MRI Software, a developer of real estate management and investment software solutions for the global real estate industry, announced that it has acquired Realty DataTrust Corporation, the holding company for VaultWare.
Today's Deals: Behringer Harvard Acquires 345-Unit Asset in Memphis
Behringer Harvard grabs a large community in Memphis; Champion buys a property in Ohio; and Walker & Dunlop funds a $21 million loan for HAP, HOME property.
Survey Offers Good News for Multifamily Industry in '12
Cap rates are going to stabilize, interest rates will remain low and home ownership rates will continue to decline. These are the conclusions of the RealShare/Jones Lang LaSalle’s Apartments Outlook 2012 Survey.