National
TODAY'S DEALS: Jones Lang LaSalle Secures $98M Financing for Greystar
Jones Lang LaSalle lands $98 million in acquisition financing; KBS acquires a 196-unit asset near Chicago; and Beech Street Capital provides $12.5 million for 50 units in New Jersey.
TODAY'S DEALS: Insight Buys Post Office, Plans 310-Unit Development
Insight Property Group buys a post office and plans a $75 million development; ARA sells a 600-bed asset serving North Carolina State University; and NorthMarq arranges a $20.2 million refi for a Chicago property at sub-4 percent interest rate.
TODAY'S DEALS: Behringer Harvard Sells 408-Unit Property in Florida
Behringer Harvard completes a 408-unit disposition; and Affirmed Housing breaks ground on the second phase of a California development.
MHN Interview: TransUnion Data Shows Vacancies Decreased But Rents Stayed the Same
Recent findings from TransUnion, a provider of risk management solutions, showed that while, on average, vacancy rates have decreased, rents have remained steady.
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.