National
TODAY'S DEALS: Beech Street Refinances Alabama Asset
Beech Street closes a $25 million Freddie Mac CME loan for a Mobile, Ala., asset; The Bascom Group acquires two properties in California for $18.7 million; and Pearlmark Real Estate closes a $6.2 million mez loan for a new construction project.
TODAY'S DEALS: Kennedy Wilson Lands Bay Area Asset
Kennedy Wilson acquires a 544-unit asset in the Bay Area; Marcus & Millichap arrange a 152-unit Class A sale in central Texas; and the Bruckal Group acquires a condo conversion in Tempe, Ariz.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.
TODAY'S DEALS: Grandbridge Closes $121M Financing
Grandbridge closes a $121 million acquisition loan for a property in Arlington, Va.; Southeast Apartment Partners completes an $18.6 million sale in North Carolina; and a Charles Dunn Co. sale breaks the price-per-square-foot record for the 90034 zip code in Los Angeles.
TODAY'S DEALS: HFF Secures $19.3M for Gainesville Apts
HFF secures a $19.3 million financing from Prudential Mortgage Capital on behalf of Epoch Properties; Kennedy Wilson acquires a Dublin asset next to Google’s European HQ; and Centerline Capital Group provide a $2.25 million Fannie Mae loan to a property in Minnesota.
TODAY'S DEALS: KBS Lands a Chicagoland Community
KBS Legacy Partners acquires a 256-unit asset in Lombard, Ill.; and R4 Capital Closes the first $80 million of a $100 million LIHTC fund.
TODAY'S DEALS: Vesper Completes 644-Bed Student Housing Acquisition
Vesper Holdings buys a student housing asset serving the University of Oklahoma; Marcus & Millichap completes a $29.5 million sale in Wisconsin; and Transwestern arranges the sale of a distressed 1,038-unit portfolio by the lender.
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.