News
TODAY’S DEALS: 300-Unit Community Commands $14.2M
Marcus & Millichap brokers the sale of a 300-unit community in Florida; HFF secures $220M for eight Olen properties located in Nevada and Florida; and NorthMarq arranges an $8.5 million loan with a two-year prepayment window.
Behringer Harvard Launches BH Capital, Targeting Debt Investments
Dallas–Behringer Harvard has announced the formation of BH Capital, LLC, a Behringer Harvard-related company that will focus on the acquisition of small-balance debt instruments sold on the secondary market via individual transactions or portfolio sales.
Management Resource Center Names Liedel President and CEO
Carlsbad, Calif.–Management Resource Center has named Sabine Liedel, CMCA, as the company’s president and chief executive officer.
Willis North America Offers Bed Bug Insurance
Willis has introduced Bed Bug Infestation Recovery Insurance, designed to protect property owners in a number of ways from bed bug problems.
Luxury Apartments near Texas Medical Center Get Underway
Houston–Archstone has begun construction on a 474-residence project near the Texas Medical Center in Houston, where more than 93,000 employees work.
New Developer Re-Starts Residential Project in West Suburban Chicago
Hinsdale, Ill.–Inland Opportunity Fund L.L.C. recently bought the partially developed Hamptons of Hinsdale with the goal of repositioning it for today’s market.
Mediterranea Unveils Rainforest-Inspired Exotica Floor Tile Collection
Mediterranea unveils a new collection of glazed porcelain floor tiles that resemble exotic rainforest wood.
Economy Watch: Gas Prices and Nervousness Constrain Consumer Spending in May
Consumer spending wasn’t any better in May than it was in April; income barely rose in May; and financiers in Europe are reportedly receptive to a suggestion that much of the Greek debt be rolled over by private creditors.
SPECIAL REPORT: Understanding Investors’ Goals Is Secret to Fee Management Success
The keys to property management success include having an understanding of who composes the property’s ownership and what their goals are, said speakers at the NAA Education Conference and Exposition in Las Vegas.
Phoenix’s Resilience to Foreclosures and Immigration Battles
Industry experts expect the Phoenix multi-housing sector to survive a flood of single-family foreclosures and unanswered questions about the impact of Arizona’s immigration legislation.