National
Report Sees Greater South Atlantic Development Opportunity
Construction activity slumped markedly during the recession, resulting in good near-term opportunity for increased building of multifamily housing in every state.
TODAY'S DEALS: Luxury Asset Breaks Ground at the University of North Texas
A new student housing development breaks ground at the University of North Texas; Beech Street closes a Fannie Mae loan for a 144-unit Bronx asset; and Jones Lang LaSalle completes a $28.5 million sale.
TODAY'S DEALS: McCann Buys 276-Unit Asset Near Orlando
McCann Realty Partners buys an asset 25 miles west of Orlando; Federal Capital Partners completes a $14.8 million purchase in Maryland; and NorthMarq Capital arranges $23.25 million for an off-campus student housing community.
TODAY'S DEALS: KeyBank Provides $95M Fannie Mae Loan to ForestCity Enterprises
KeyBank refinances a 549-unit property in Maryland; Quadrangle, The Wilkes Co. break ground on a mixed-use project in D.C.; and SBV Communities buys a 156-unit property in Austin.
$32M Residential Project Breaks Ground in the Galindo Neighborhood
By Camelia Bulea, Associate Editor A new residential project recently broke ground at South Fifth and Cumberland streets and is expected to bring 119 condominiums, townhomes and flats to the area. According to The Austin-American Statesman, developing the project is a partnership that includes Terry Mitchell, president of Momark Development, along with Adam Nyer of […]
TODAY'S DEALS: Tryko Acquires 170-unit HUD-Subsidized Seniors Asset
Tryko Partners buys a 170-unit seniors housing asset in Pennsylvania; Red Mortgage Capital LLC finances a $29.5 million structured ARM for a UDR property; and Charles Dunn Co. sells a 28-unit property in Canoga Park, Calif.
TODAY'S DEALS: $200M L.A. Development Breaks Ground
J.H. Snyder Co. breaks ground on a $200 million asset in L.A.; Colony Hills Capital lands a 2,000-unit portfolio in Alabama; and ARA brokers the largest multifamily sale to-date in New Hampshire.
TODAY'S DEALS: Home Properties Buys Two Virginia Assets for $112.2M
Home Properties buys two properties for $112.2 million; Petra Capital completes a $46.5 million sale in Arizona; and Red Mortgage Capital finances a $41.2 million Fannie Mae loan on behalf of Associated Estates.
Appealing to Millennials: Must-Haves for New Apartments
A recent webinar titled “Top 12 Must-Haves in Your 2012 Apartment Project” described important features to consider for new apartment community projects to appeal to renters, particularly Generation Y.
TODAY'S DEALS: Beech Street Provides $68M Portfolio Refinance
Beech Street Capital refinances four properties for the Galman Group; Federal Capital Partners sells a Richmond, Va., asset for $28.6 million; and NAI Hunneman finds a buyer for the $1.55 million sale of a Boston property with condo-conversion possibilities.