News
Miami Condo Project Targets International Buyers
Miami–The 292-unit Marquis Residences, a downtown Miami condominium developed by Africa-Israel USA, is seeking international buyers, and so far the strategy is working.
TODAY’S DEALS: HFF Closes $31M Refinance for Brooklyn Community
HFF arranges a $31 million refinance for a Brooklyn community; Marcus & Millichap brokers the sale of a 330-unit Inland Empire community; and Walker & Dunlop closes a $9.2 million acquisition loan.
PropertyBridge and On-Site Introduce New Online Leasing Tool
Oakland, Calif.–PropertyBridge Inc. has partnered with online leasing automation provider On-Site.com to answer the call to provide a new online leasing solution.
NFPA Releases Apartment and Home Fire Data
The National Fire Protection Association has released new research regarding apartment and home fires, most commonly caused by cooking, smoking and using space heaters.
Economy Watch: U.S. Manufacturing Gains Steam Again
Orders of manufactured goods made gains in May; bankruptcy filings were down in the first half of this year; and Portuguese debt gets downgraded to junk status.
The Station at Othello Park Linked in to Seattle
Seattle–The Station at Othello Park, a 420,000 square-foot, mixed-use development in Seattle, has earned LEED NC Silver certification.
TODAY’S DEALS: Jones Lang LaSalle Closes $125M Debt and JV Equity Raise for Student Housing
Jones Lang LaSalle arranges a joint venture partnership between The Collier Companies and Madison International for student housing properties, and NorthMarq Capital closes on a construction loan and tax credit bridge facility.
Energy Efficiency Meets Unique Architecture with New Slovenia Apartments
The energy-efficient Lace apartment community in Nova Gorica, Slovenia, is designed with visually striking architecture that also protects from some of the country’s more extreme weather conditions.
New Opportunity Fund Bags Inland Empire Apartment Property
Indio, Calif.–The newly formed Clear Capital L.L.C. has purchased the Casa Monroe Apartments in Indio, Calif., the first acquisition by the $50 million opportunity fund.
Apartments Will Yield 11.4% this Year, Say Investment Managers
The Pension Real Estate Association (PREA) surveyed some of their member firms in May regarding their forecasts for the U.S. commercial real estate markets. Respondents predict apartment investments will register a total investment return of 11.4 percent this year.