National
TODAY'S DEALS: ARA Brokers Sale of Florida Development Site
ARA completes a land sale in St. Petersburg; Southeast Apartment Partners brokers a $55.1 million sale in Virginia; and Hendricks & Partners completes a $38.5 million sale.
Oakwood Worldwide Acquires ExecuStay Corporate Housing Brand
Marriott International is selling its ExecuStay corporate and temporary apartment housing business to Oakwood Worldwide, the two companies announced in mid-April.
Impakt Development Nears Completion on School Conversion
by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the first units would be turned […]
TODAY'S DEALS: Carroll Organization Grabs Luxury Houston Asset
The Carroll Organization buys a 267-unit community just north of Houston; Canadian Apartment Properties REIT enters a $455 million acquisition agreement; and Walker & Dunlop closes a $6 million Fannie Mae financing.
TODAY'S DEALS: Berkadia Lands $37M Refinance for Illinois Community
Berkadia provides a $37 million refinancing for a property in Illinois; SBV Communities completes its third acquisition in 2012 with the purchase of a 206-unit community; and Cassidy Turley BRE Commercial negotiates a $6 million sale.
TODAY'S DEALS: JV Breaks Ground on $200M Project
A 250-unit mixed-use asset breaks ground in Maryland; North American Properties gains approval for a $600 million development in Georgia; and Red Mortgage Capital Funds a $9.6 million FHA 221(d)(4) loan for a historic property rehabilitation.
TODAY'S DEALS: Pearl Properties Lands $66M Construction Loan
Peal Properties lands a $66.3 million construction loan via HFF; Colliers completes two apartment sales in Arizona; and NorthMarq arranges a seven-year $17.8 million acquisition loan with an interest-only feature.
Seniors Housing Sees Occupancy Uptick
Seniors housing occupancy saw an uptick in the first quarter of 2012, according to the most recent report on the industry by NIC MAP.
Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista
By Gabriel Circiog, Associate Editor Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and Wueste Road intersection adjacent to […]
Study Finds Boomers Unhappy with Traditional Retirement Communities
A recent study reveals that “traditional” retirement communities might become a thing of the past for boomers, unless some important changes are made.