News
MARKET SNAPSHOT: Boston’s Strong Demographics Appeal to Apartment Developers, Buyers
Boston–The Boston apartment market has seen some positive signs, particularly with the creation of jobs and demographics of the city.
RentSentinel Announces Partnership with HotPads and Rent Jungle
HotPads and Rent Jungle have partnered with RentSentinel.
Federal Capital Partners Appoints Bryan Kane for North Carolina Office
Federal Capital Partners has announced the appointment of Bryan Kane to focus on acquiring multifamily, office and retail assets throughout the Carolinas, with a focus on the Triangle.
TODAY’S DEALS: Marcus & Millichap Closes $13M Sale of Lender-Owned Community
Marcus & Millichap brokers the sale of a distressed community for $13 million; Archstone acquires a development site slated for a 467-unit community; and AREA Property Partners buys a 422-unit portfolio for $59.6 million.
Centerline Capital Group Hires Regional Director for Texas Small Loan Group
Centerline Capital Group announced it hired Charlie Cole as regional director for the Small Loan Group based in Dallas.
BMC Capital Provides Two Loans For Over $1 Million for Dallas Apartments
BMC Capital, a lender for small-balance multifamily loans in Texas, announced that it originated two loans totaling $1,050,000 to refinance three multifamily properties in Dallas.
MHN Interview: Actovia’s Ingber Talks New Real Estate Technology System
New York–Jonathan Ingber discusses newly-launched Actovia Explorer, a cloud-based commercial real estate search and lead discovery system.
TODAY’S DEALS: Crow Holdings Purchases 280-Unit Luxury Mixed-Use Community
Embrey Partners sells a San Antonio mixed-use community to Crow Holdings; Phoenix Realty partnership acquires a 372-unit property in N.J.; and DBBM provides a $19.9 million refinance for a community in Washington, D.C.
Ground Broken for Nashville Apartments Near Vanderbilt
Nashville, Tenn.–Southern Land Co. has broken ground on a multifamily and retail project in the Elliston Place neighborhood of Nashville, near Vanderbilt University.
University Residence Hall and Dining Facility Opens in St. Louis
St. Louis–A very tight time frame and the presence of in-ground obstructions were among the challenges surmounted in completing a new $15 million freshman residence hall and dining facility at Harris-Stowe State University in St. Louis.