News
TODAY’S DEALS: Colliers Negotiates Sale of 224-Unit Community in Phoenix
Colliers negotiates the sale of a Phoenix community for $8.3 million; Capital Senior Living completes two mortgage financings totaling $23.8 million; and Marcus & Millichap brokers the sale of a 214-unit community in Connecticut.
MARKET SNAPSHOT: Large Number of Institutional Deals Hit Seattle Market
Seattle–The Seattle market has weathered the recessionary storm well, according to Kenny Dudunakis, senior partner in Hendricks & Partners’ Seattle office.
Institutional Property Advisors Names Scott Lamontagne Director
Institutional Property Advisors, a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Scott Lamontagne a director.
The Marketing Directors Hires Research Analyst
The Marketing Directors Inc., a Manhattan-based residential real estate marketing and sales/leasing firm, has hired Laura Tomana as research analyst to its Market Insights department.
InSinkErator Makes Environmental Impact at Midwest’s Near-Zero Waste Music Festival
InSinkErator, a manufacturer of food waste disposers, enabled more than 7,000 attendees at Milwaukee’s Rock the Green festival Sept. 18 to “give back” by sending approximately 1,200 pounds of food scraps to the local wastewater treatment plant to be converted to renewable energy and fertilizer.
MHN Interview: Bud Malone, CEO of Mortgages USA
MHN interviews Bud Malone, CEO of Mortgages USA, who describes the current outlook for multifamily and explains why he considers rentals ‘a great wake up from the American Dream.’
AvalonBay Begins Work on Back Bay Apartments
AvalonBay Communities has broken ground on Avalon Exeter in Boston’s Back Bay neighborhood, with 52 units slated to be affordable housing.
TODAY’S DEALS: ARA Awarded 708-Unit, Class A Marketing Task
Oklahoma City, Okla.—Atlanta-headquartered ARA has been awarded the exclusive listing for the marketing of The Lincoln at Central Park, a 708-unit, Class A community located in Oklahoma City, Okla. Principal Brian O’Boyle and associate Bart Wickard will be leading marketing efforts on the 2007 and 2010-built property. “This is an excellent investment opportunity—a Class ‘A+’ community in a super metro location,” says O’Boyle. “Offering the most coveted amenities, The Lincoln at Central Park enjoys a great location with easy access to all of Oklahoma City’s major employers.” The community is located in northeastern Oklahoma City near both Interstates 44 and…
Luxury Condominium Boasts ‘You’ll Never Lose Your View’
The View, a 19-story luxury building with nine penthouse duplexes on the 18th and 19th floors, offers ‘protected’ views.
PCCP Provides $24 Million in Loans to Complete Staten Island Condo Construction
PCCP announced it has provided $24 million in two loan structures to a private institutional investor for the refinance and construction completion of two properties.