News
Cortland Partners Craftily Secures $9.5M in Financing for Atlanta-Area Apartment Renovation Project
Atlanta–The grip of the credit crunch may be loosening but, as Cortland Partners is well aware, securing financing for commercial real estate investments remains no simple feat.
DEAL OF THE DAY: Raintree Partners Acquired Three Properties in Calif. For $30.6M
Pomona, Calif.–Investor and developer Raintree Partners has acquired a portfolio of three multifamily properties.
Boral Buys MonierLifetile, Creating Only U.S. Tile and Clay Roofing Company
Roswell, Ga.–Boral USA has just acquired the remaining 50 percent interest in Irvine, Calif.’s MonierLifetile L.L.C. from joint venture partner Oberursel, Germany-based Monier Group.
Mid-America Apartment Communities Launches Mobile-Friendly Websites
Memphis, Tenn.–Mid-America Apartment Communities has launched mobile-friendly websites to make apartment hunting easier and more convenient.
DEAL OF THE DAY: Alliant Capital Completes $7.4M Refinance for Maturing CMBS Loan
Marion, Iowa –Alliant Capital LLC has refinanced the Regal Townhomes in Marion, Iowa.
Three Investment Sales Professionals Join NorthMarq in Philadelphia
Minneapolis–NorthMarq recently hired Joe Verdejo and Jim Sheehan as senior vice presidents, with Valerie Falco serving as the team’s client coordinator. They will focus on representing sellers and buyers of multifamily properties in Pennsylvania, New Jersey and Delaware. “We are very excited for this team to join NorthMarq,” says Mike Ohmes, executive vice president, transaction and advisory services for NorthMarq. “Greater Philadelphia is an important location to add to our growing national investment sales practice. We look forward to the synergy that will develop between this experienced investment sales team and our existing capital markets and real estate advisory professionals…
Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan
Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.
Web Feature: Tools for Preserving Aging Affordable Housing
New York–Many factors come together in the preservation of affordable housing.
Behringer Harvard Buys Three Apartment Properties in Three Days
Dallas–Acting through Behringer Harvard Multifamily REIT I Inc., Behringer Harvard went on a shopping spree this week, snapping up not one, not two, but three luxury apartment properties in three separate transactions.
DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.