National
TODAY'S DEALS: HFF Arranges $31.9M Construction Loan
HFF arranges a construction loan for an asset near Seattle; Beech Street Capital provides $11.3 million for a Baltimore acquisition; and Lucent arranges a $12 million loan for the acquisition of fractured condo.
Multifamily Industry Still Limited by Credit Constraints, Says NAHB at the International Builders’ Show
The apartment sector is a bright spot in the overall housing market leading the industry’s path to recovery. However, the lack of credit to finance the development of new apartments is likely to cause a supply and demand imbalance.
TODAY'S DEALS: NorthMarq’s New Jersey Office Closes $158M Loan Package
NorthMarq’s New Jersey office closes a Freddie Mac CME loan package; HFF closes the sale of a value-add property; and Oculus Capital announces the second phase of a student housing development.
NMHC Survey Shows Two Continuous Years of Growth for Multifamily
The latest Quarterly Survey of Apartment Market Conditions from the Washington, D.C.-based National Multi Housing Council indicates that improving market conditions continue to be an advantage for the multifamily industry.
TODAY'S DEALS: Boston Capital Closes Tax Credit Fund
Boston Capital closes a $350 million fund, acquires 53 affordable communities; Holliday Fenoglio Fowler lands a marketing contract in Sacramento.
TODAY'S DEALS: Second Phase of Allegro Breaks Ground in Texas
Behringer Harvard breaks ground on the second phase of a Texas property; and Johnson Capital arranges $75 million for a 1,271-unit portfolio acquisition.
TODAY'S DEALS: American Campus Communities Begins Drexel University Project
American Campus Communities begins a $97.6 million mixed-use development at Drexel University; Marcus & Millichap lists a 137-unit asset in the Bay Area; and KeyBank provides $44 million in Freddie Mac funding for three communities.
Fat City Lofts Project in Danger as CCDC Votes in Favor of Solar Turbines
By Gabriel Circiog, Associate Editor The Center City Development Corp. board has cast its vote on the Fat City Lofts development. As previously reported, Solar Turbines has opposed the project arguing that coexistence with the planned 232-unit apartment development would be virtually impossible. The company stated that the development would attract an environmental review that […]
TODAY'S DEALS: Steadfast Income REIT Acquires 424-Unit Asset
Steadfast Income REIT acquires its second asset in Iowa; Pembrook arranges rehabilitation financing to the tune of $32 million; and Marcus & Millichap completes a $2.2 million sale at a 8.1 percent cap rate.
$3.4B in Multifamily Property Energy Savings for the Taking
According to a report released by CNT Energy and the American Council for an Energy-Efficient Economy, multifamily building owners could keep approximately $3.4 billion in their pockets annually through energy efficiency upgrades.