News
CNL Lifestyle Properties Makes $630M Foray into Seniors Housing
Orlando, Fla.–Acting as a joint venture, CNL Lifestyle Properties Inc. and Sunrise Senior Living Inc. have completed the acquisition of a portfolio of 29 seniors housing properties in a $630 million deal.
TODAY’S DEALS: IPA Brokers Sale of Florida Properties for $63.6M
IPA brokers the sale of two multifamily assets totalling $63.6M; KeyBank provides $71.9M in refinancing to four Texas properties; and Cortland acquires condos through “friendly” foreclosure.
Economy Watch: Homebuilders Still Sing the Blues
Single-family builder confidence remains in the doldrums; Fairholme sells its stake in GGP; and Yum looks to dump fast-food chains that can’t be marketed overseas.
SPECIAL REPORT: NMHC Annual Meeting Draws Upbeat Crowd
Palm Springs, Calif.–Despite slow job creation, panelists at the NHMC Apartment Strategies Conference remain positive about the outlook for the apartment sector.
Mediterranea HD Glazed Tiles Replicate Heart Pine Wood Look
Mediterranea has created glazed tiles that replicate first-generation heart pine timber in HD quality.
Apartments to See Healthy Rent Growth in 2011
Carrollton, Texas–Rent growth for U.S. apartment properties was good in 2010, but it will be even better in 2011, according to projections by MPF Research.
TODAY’S DEALS: NorthMarq Capital Advances $17.9M Refi Loan on Behalf of Life Insurance Company
NorthMarq Capital arranges first mortgage financing; a site next to the 10th fairway of the Hamlet Wind Watch Golf Club has been listed for $12 million; and Berkadia Commercial Mortgage originates $6.3M refinancing.
St. Anton Secures Funds for $57M Suburban SF Mixed-Income Project
San Ramon, Calif.–St. Anton Partners has managed to obtain a $48.6 million loan with relative ease for Highlands Point Apartments, its $57 million San Francisco Bay-area project.
MyNewPlace PINK Raises Money for Breast Cancer Research
MyNewPlace PINK sets out to raise $100K for breast cancer research.
CNT Presents New App at Inman Connect Conference
CNT’s new app allows users to consider both housing location and transportation costs.