National
TODAY'S DEALS: Bascom Buys California Asset for $20.4M
The Bascom Group acquires a 128-unit community; and Walker & Dunlop provides a $7.5 million financing under Fannie Mae’s early rate-lock program.
TODAY'S DEALS: HFF Lands $71.1M Construction Loan for Arlington High Rise
Holliday Fenoglio Fowler lands contruction financing for a Virginia asset; ARA brokers the sale of a 192-unit community; and Beech Street funds a $13.6 million refinance for a local bank borrower.
TODAY'S DEALS: Inland Student Housing Development Surpasses Lease-Up Goal
Inland American Communities surpasses its pre-lease goals at a Florida student housing development; a HUD community in Maryland trades for $10.3 million; and NorthMarq arranges $22.9 million in combined mortgages for three properties.
TODAY'S DEALS: IPA Sells 180-Unit Asset for $74M
IPA sells an asset totaling 180 units; Pembrook Capital provides an $8.4 million bridge loan; and NorthMarq arranges a $16.4 million refinance via a life insurance company.
Gordmans Unveils New Stores in Farmington and South Jordan
By Alex Girda, Associate Editor Gordmans unveiled a pair of new locations on March 15 as part of a major expansion in the Intermountain West region. The Omaha, Neb.-based discount retailer opened 50,000-square-foot stores at the Station Park retail center in Farmington and at The District in South Jordan, eight days before an official grand […]
TODAY'S DEALS: EdR to Develop Off-Campus Housing in Downtown Phoenix
EdR begins a joint venture development in Phoenix; Holliday Fenoglio Fowler transacts and arranges financing for a Houston asset; and Meridian Capital negotiates New York City financing with interest rates in the 3 percent range.
How Students Look for Apartments
Catalyst’s most recent survey shows what students use to look for apartments.
TODAY'S DEALS: Lee & Associates Sells a 358-Unit Asset in Long Beach
Lee & Associates transacts the sale of a 358-unit community in California; Beech Street Capital finances a $9.5 million loan for a Miami acquisition; and NorthMarq Capital arranges a $20.1 million mortgage/bridge loan for a seniors housing portfolio.
TODAY'S DEALS: AREA Property Partners Acquires 1,180 Units in Virginia
AREA Property Partners buys a large asset in Alexandria, Va.; Chestnut Hill Realty completes an addition on a Massachusetts re-positioning; and Mortgage Equicap arranges a $17 million construction loan.
TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas
Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and ARA announces the sale of a 350-unit Class-A apartment community in Raleigh, N.C.