News
DEAL OF THE DAY: Berkadia Advances $42.66M Freddie Mac Capital Markets Loan for Acquisition
San Diego–Berkadia Commercial Mortgage originated a total of $42,660,000 in fixed-rate debt through the Freddie Mac Capital Markets Execution (CME) program for the acquisition of Canyon Hills and Flower Fields, two multifamily properties in San Diego County.
Multifamily Industry Expects Strong 2011
Investor interest in multifamily properties has been on a roll in 2010, and a JLL survey predicts that momentum isn’t going to slow down next year.
Property Management Projections for 2011
Armed with lessons learned from the downturn, the industry moves forward in 2011.
Shadow Inventory Experiences 10 Percent Year-over-Year Increase
Santa Ana, Calif.–Residential shadow inventory rose 10 percent from August 2009 to August 2010, according to new statistics released by property information services provider CoreLogic.
DEAL OF THE DAY: Colliers Represents Hamilton Zanze in $9.7M Sale
Mesa, Ariz.–Colliers International-Greater Phoenix negotiated the sale of Sorrento Apartments, a 226-unit multifamily property located at 901 South Dobson Road in Mesa, Ariz., for $9.7 million or $42,920 per unit.
INVESTMENTS: Jones Lang LaSalle Offers Class A West Houston Apt. Property for Sale
Houston–Jones Lang LaSalle says its capital markets experts have been retained by Investment Realty Holdings LLC
Oakwood Gives Special Honor to Associates For Volunteer Work
Los Angeles—Oakwood is celebrating its 50th anniversary by honoring the spirit of volunteerism and selecting five honorees whose charities will receive a donation from the company. Oakwood Gives Back is an associate-nominated program where an outstanding Oakwood Associate is recognized for serving, caring and giving back to the community and the environment in which he or she lives. All nominations were reviewed by Oakwood’s Leadership Engagement Advisory Panel (LEAP) that selected honorees who make significant contributions of their time and energy to charitable organizations in their community. Top Oakwood Gives Back honorees include: -Megan Thomas, Dallas Regional Sales Rep, $1000…
USGBC Kicks Off GIS-Based Technology Applications
The U.S. Green Building Council has debuted the initial phase of the GIS-based Green Building Information Gateway.
USGBC’s LEED Automation Will Enhance Green-Building Communication
The U.S. Green Building Council has introduced the new program LEED Automation, which will streamline the LEED certification process and advance data-tracking capabilities.
DEAL OF THE DAY: Tribeca Loft Building Sells for $13M after Only 2.5 Months on the Market
New York–The late-19th century, seven-story loft building at 481-487 Washington Street in Manhattan’s trendy TriBeCa neighborhood has just traded for benchmark pricing, fetching $13 million ($281 per square foot).