News
DEAL OF THE DAY: Walker & Dunlop Closes $35.7M Refi Loan
Santa Clara, Calif.–Walker & Dunlop provided a $35,700,000 long-term loan for Bella Vista Apartments.
GUEST COLUMN: Web-to-Print is Revolutionizing Marketing
Web-to-Print technology lets you centralize and control your brand while creating personalized content.
MHN Interview with Todd Trehubenko: With NYC Office, Recap Makes Strong Commitment to Largest Rental Market
Boston–Recap CEO Todd Trehubenko talks to MHN about Recap’s decision to have a New York office and the kind of deals taking place in the market here right now.
DEAL OF THE DAY: Bernard Financial Obtains $3.75M for Apartments Via Life Company
Bernard Financial Group has arranged a $3,750,000 loan for the Andover Park Apartments. This 215 unit garden style apartment property is located in Greenville, S. C. The borrowing entity is Andover Park Apartments LP. The loan was originated by Dennis Bernard and Kevin Kovachevich.
Glass House Secures LEED Certification, Furthers Developer’s Green Program
Dallas–The Glass House has just been awarded LEED certification from the USGBC.
MBA Report: Commercial Loan Originations Inch Upward from Second Quarter of 2009
Washington, D.C.–The Mortgage Bankers Association (MBA) has just released its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, and the news is good.
Another Luxury Rental Makes Its Way into Manhattan
New York–Ohm is located at 312 11th Avenue, just one block from the green expanse of the soon-to-open Hudson River Park.
DEAL OF THE DAY: HFF Participates in GE Capital, Allied Realty Apartment Sale, Borrower Financing
The Houston office of HFF (Holliday Fenoglio Fowler LP) says it has closed the sale of, and arranged financing for, The Retreat at Cinco Ranch, a 268-unit, Class A multi-housing community in Katy, Texas.
Gulf Coast Residential Real Estate to Take a Hit
Santa Ana, Calif.–According to CoreLogic, the impact of the BP DeepWater Horizon oil spill on residential values in coastal counties along the Gulf of Mexico is expected to range from $648 million to $3 billion.
Norman A. Eastwood Promoted to SVP of Investments at Marcus & Millichap
Dallas–The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Norman A. Eastwood to the position of senior vice president investments. This is one of the highest levels of recognition the firm awards to its investment specialists. The designation represents excellence in the development and servicing of long-term client relationships, according to Tim A. Speck, regional manager of the firm’s Dallas office. Most recently, Eastwood held the position of first vice president investments. Eastwood began his career with Marcus & Millichap 23 years ago, specializing in the sale of multifamily investment properties.