News
Assisted Living Facility Under Way in Suburban Houston
Missouri City, Texas–KEP Hampton ALF L.L.C. has broken ground on Hampton Pointe Manor, a mixed-use senior development in the Houston suburb of Missouri City.
Azure Latest Example of Fairly Brisk Manhattan Luxury Condo Sales
New York–Numerous new luxury condominium properties in Manhattan are experiencing relatively healthy sales activity, and Azure is among the latest to commence the closing of its first group of contracts.
DEAL OF THE DAY: Colliers Brokers Santa Barbara Sale at Cap Rate of 4.11%
Santa Monica, Calif.–Colliers International directed the sale of Villa Cordova, a 21-unit apartment building located at 1133 10th St. in Santa Monica, Calif., to 10th Street Partners LLC., a private investor. The transaction is valued at $5,775,000.
Solving Acoustical Problems in Multifamily Construction
As population growth, sustainable design, urban planning imperatives and work-at-home trends combine to produce higher residential densities and occupancy hours in cities, residents’ concern for privacy increases.
Property Tours: Cancolofts
Deborah Cleary, sales manager at Cancolofts in Jersey City, N.J. takes MHN on a tour of the property.
Chicago Condo Project Re-Purposed Into Warehouse
Chicago–A good many condominium projects came to a screeching halt with the onset of the recession and the housing market contraction, leaving a number of vacant sites in markets nationwide.
DEAL OF THE DAY: Arbor Supplies $1.08M Small Loan
Haltom City, Texas–Arbor Commercial Funding LLC announced the recent funding of a $1,080,000 loan under the Fannie Mae DUS Small Loan product line for the 68-unit complex known as Haltom Oaks Apartments in Haltom City, Texas.
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.
DEAL OF THE DAY: NorthMarq Arranges 35-Year, $15M Mortgage via AmeriSphere
Memphis, Tenn.–Sam Berns, senior vice president and managing director of NorthMarq Capital’s Upstate New York Regional office arranged first mortgage financing in the amount of $15,002,500 for Crescent at Wolfchase, a 200-unit multifamily property located here.
Marcus & Millichap Among Top 100 InformationWeek Companies
Encino, Calif. – Marcus & Millichap Real Estate Investment Services has ranked No. 62 in InformationWeek magazine’s annual survey of firms offering innovative technology programs. This is the fifth consecutive year that Marcus & Millichap has earned a spot in the InfoWeek 500 ranking, and the first time it has appeared in the top 100 for its technology programs. Marcus & Millichap also secured a spot as the highest-ranking real estate services firm in this year’s survey. InformationWeek recognized several new programs implemented by Marcus & Millichap, including a property search program that offers more than 3.3 million properties for…