News
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.
USGBC Partners with Bank of America on New Green Neighborhoods Grant Program
Washington, D.C.–A committee consisting of industry leaders will select 10 to 12 projects from the group of program applicants.
Waterfront Condos in Philly Go on Market at 40% Discount
Philadelphia–It’s a buyers’ market right now and these condos are selling for a huge discount.
DEAL OF THE DAY: Beech Street Capital Supplies $7.5M Refi Loan for Miami Property
Miami–Beech Street Capital LLC provided a $7.5 million Fannie Mae DUS Loan for the refinance of a Palm Place Apartments located in Miami.
Jersey City Brownfield to be Green Multifamily/Retail Project
Jersey City, N.J.–The transit-oriented community will feature a New Jersey Transit pedestrian walkway.
Financial Reform Bill Offers Pros and Cons for the Multifamily Industry
Washington, D.C.–The financial reform bill might increase the cost of borrowing for multifamily businesses.
Mercy Housing Plans New $11.5M Affordable Apartments in Denver
Denver–An eco-friendly affordable housing community.
DEAL OF THE DAY: HFF Facilitates $10.7M Fixed-Rate Refi at 5.18% Interest
Tempe, Ariz.–HFF (Holliday Fenoglio Fowler LP) has secured $10.7 million in financing through Freddie Mac for Monarch at Tempe.
Wood Partners Expands Acquisition Team
Atlanta–Wood Partners L.L.C. is expanding its acquisition team with the hiring of Curtis Walker and Don Foster, both investment executives who will take on senior roles with the company. “This gives Wood Partners a tremendous advantage in a competitive market for existing multifamily properties,” says Chief Financial Officer/Chief Operating Officer Joe Keough. “Our network of development partners in 13 offices nationwide gives us in-depth knowledge to perform superior on-the-ground research. Curtis and Don clearly enhance our in-house expertise as we move aggressively on the acquisition front.” Walker and Foster join National Acquisition Director Jay Jacobson, as they target top 20…