National
TODAY’S DEALS: Harrison Street Completes $125M Acquisition of Senior Housing Portfolio
Harrison Street completes a $125 million acquisition; HFF arranges $23.5 million for a community in Florida; and Red Capital provides $20 million for a high rise in Philadelphia.
TODAY’S DEALS: ARA Brokers Sale of Jacksonville Development Site
ARA brokers the sale of a development site in Jacksonville, Fla.; Walker & Dunlop closes a $50.5 million loan for an acquisition in Florida; and Eastern Mortgage Capital provides $5.1 million for affordable seniors housing.
Strategic Capital Group, Miller Development Break Ground on Fireclay Village TOD
By Gabriel Circiog, Associate Editor One of the largest developments ever to be built in Murray City has broken ground. The 26-acre, $80 million transit-oriented development is a joint venture between Strategic Capital Group and Miller Development Co. Located at 4400 South and 100 West, the mixed-use Fireclay Village will include 400 apartments, 268 income-restricted […]
Halloween Tips for Multifamily Property Managers
Tips for property managers who want to set up Halloween celebrations in their buildings.
Today’s Deals: Beech Street Provides $19.9M Refinance for Georgia Apartments
Beech Street Capital provides a $19.9 million refinance; Marcus & Millichap sells a 17-unit property for $8 million; and Arbor closes nine Fannie Mae deals across all regions totaling $31.5 million.
Ford Motor Co. and Governor Jay Nixon Announce Historic $1.1 Billion Investment
By Gabriel Circiog, Associate Editor Missouri Governor Jay Nixon, senior executives from Ford Motor Co., and leaders of the United Auto Workers have announced a historic $1.1 billion investment in the Claycomo facility. Governor Nixon hailed the investment as the rebirth of the American auto industry. The investment will add 1,600 new jobs over the […]
Top 10 Tips for Acquiring Distressed Multifamily Properties
It is a great time to buy distressed apartment properties. That is, if you can find them, get them at the right price and effectively manage and lease them.
ULI Report: Capital Markets Executive Recommends ‘Patience’
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
TODAY’S DEALS: HFF Secures $15M for Community in Spokane
HFF secures $15 million in financing for a 256-unit property in Spokane, Wash.; Walker & Dunclop closes a $50.5 million Freddie Mac CME loan; and Red Mortgage Capital completes a $19.9 million financing for three seniors communities in northern-central Ohio.
Today’s Deals: Hartz Acquires Two Communities in N.J.
CBRE facilitates the acquisition of two communities for Hartz; Behringer Harvard buys a 280-unit property near Fort Lauderdale, Fla.; and Meridian negotiates $46.1 million in financing for multifamily, co-op properties.