News
Twist on Construction Materials Reduces Development Cost for Dallas Apartment Project
Dallas– Galaxy switched the conventional concrete for cold-formed steel (CFS) to build part of the project and it made all the financial difference.
Two Harlem Condo Projects Revived
New York–The Lore and the Gateway, two condominium projects in Manhattan’s Harlem neighborhood that had been stalled because of problems with their financing, have been restructured and recapitalized
DEAL OF DAY: Transwestern Arranges Off-Market $16.65M Sale in Rising Phoenix Market
Phoenix–In a move that it says signals the emerging recovery of Phoenix’s multifamily
What’s happened to the distressed multifamily market?
As the great recession peaked, and portfolios were reassessed, we anticipated a vast sell-off of distressed multifamily communities or their notes. But a funny thing happened on the way to the fire sale: Many properties didn’t show up.
Healthcare Reform and Its Impact on Seniors Housing
Encino, Calif.–The impact will be somewhat neutral.
Lyon Communities Debuts 291-Unit SoCal Luxury Apartment Property
Newport Beach, Calif.–The company conducted extensive research to assess just what local residences desire
Fortress Funds to Purchase CW Financial Services
New York–Affiliates of certain Fortress managed funds have agreed to acquire CW Financial Services (CWCapital). Fortress has agreed to acquire CWCapital from majority shareholder Otéra US Holding Inc. Terms of the transaction were not disclosed but the CW Capital franchise includes a $183.6 billion servicing, special servicing and investment management portfolio. Closing of the transaction is expected during the third quarter subject to regulatory approvals and closing conditions. Beekman Advisors, Inc. served as advisor to CWCapital. Founded in 1972, CWCapital manages, invests in, originates, and advises on commercial and multifamily real estate debt products.
Gift Cards Popular as Apartment Leasing Incentives
New York–Recession, more renters have been demanding them and more landlords have been obliging, even if they don’t always advertise the fact.
DEAL OF THE DAY: HFF Brokers Purchase and Financing of REO Class A Community Sold by Bank
League City, Texas–HFF (Holliday Fenoglio Fowler LP) has closed on the sale of Broadstone Walker Commons, and arranged the financing for the property.
Camp Lejeune MF Units Fit With Massive Solar Thermal System
Camp Lejeune, N.C.–Solar thermal technology is the most cost-effective solar energy technology.