National
Today's Deals: Archstone Partnership Acquires $131M NYC Community
An Archstone sponsored partnership has acquired a 209-unit community in New York; IPA brokers the sale of a 174-unit asset in Los Angeles; and Walker & Dunlop completes a $12 million Fannie Mae Early Rate Lock loan.
Index Report Shows Multifamily Market Increasing
The National Association of Home Builders recently released their Multifamily Production Index, which showed continued improvement for the fifth consecutive quarter for the apartment and condominium market.
Today's Deals: Security Properties Acquires Interest in Four Assets
Security Properties purchases an interest in four West Coast communities; Crescent Resources begins a 303-unit luxury development in Durham, N.C.; and Walker & Dunlop supplies a $6M loan under Fannie Mae’s Early Rate Lock.
Today's Deals: Pollack Shores Breaks Ground on $40M Community in Orlando
Pollack Shores Real Estate Group breaks ground on a TOD in Orlando; CBRE completes the sale of a 344-unit high-rise in Chicago; and Tikijian sells a stabilized lakefront property in the Indianapolis metro.
Multifamily Sector to Remain at Top of Investors' List in 2012
The multifamily sector has been investors’ flavor of the year, and as per the results of commercial real estate services firm Jones Lang LaSalle’s Apartments Outlook 2012 Survey, it appears the sentiment will continue in 2012.
Today's Deals: Harbour Realty Snags 280 Units in Chicagoland
Harbour Realty Partners purchases 280 units in Chicagoland; Passco Companies buys a 212-unit golf-oriented community; Greystone originates $15.8 million for a property in Florida; and Walker & Dunlop provides a $6.1 million loan under Freddie Mac’s CME program.
Today's Deals: JV Lines Up Funds for Bethesda Mixed-Use Development
Northwestern Mutual funds a joint venture mixed-use development; The Praedium Group and Hamilton Zanze & Company sell a Colorado asset; and HFF closes REO sale of Veranda Park in Orlando, Fla.
Apartment Property Insurance Goes on the Upswing in 2011
A year can make quite a difference, and it has in the National Multi Housing Council’s annual Apartment Cost of Risk Survey. As per the study’s results, the cost to insure apartment properties increased from 2010 to 2011, going up 1 percent.
Today's Deals: ARA Announces $64.5M Portfolio Sale
ARA announces a $64.5 million portfolio sale; Phoenix Realty Group acquires two assets for $65 million; and The Bozzuto Group partners with Giant Food on a $125 million development.
On the Hill: The Post Construction Rule
The EPA is currently developing a proposal that would impose requirements on new developments, redevelopments and MS4s (municipal storm-sewer systems) to reduce the quantity of stormwater runoff.