National
TODAY’S DEALS: Home Properties Acquires 544-Unit Community in Maryland
Homes Properties buys a community in Maryland for $90.4 million; Charles Dunn Company completes a $5.5M sale in Los Angeles; and Alliant Capital funds a 15-year refi loan at 4.57 percent.
TODAY’S DEALS: Praedium, Price Realty JV Acquires 500-Unit Texas Community
A joint venture between The Praedium Group and Price Realty Corporation acquires a 500-unit community in Texas; KeyBank provides a $50 million secured credit facility for Sunrise Senior Living Inc.; and Tikijian sells a 240-unit property in Indianapolis.
TODAY’S DEALS: Continental Realty Purchases 355-Unit Community in Louisville
Continental Realty Advisors buys a 355-unit community in Louisville, Ky.; Colliers International closes a $12.8 million sale in California; and Walker & Dunlop closes $93 million life company refinance loan.
TODAY’S DEALS: Marcus & Millichap Arranges $32.5M Inland Empire Sale
Marcus & Millichap sells a 304-unit community in Riverside, Calif.; Chestnut Hill Realty buys a $24.8 million portfolio in Cambridge, Mass.; and Walker & Dunlop LLC closes 40-year HUD loan at 4.63 percent interest.
TODAY’S DEALS: HFF Arranges Financing for 224-Unit Acquisition
HFF arranges acquisition financing for a 224-unit community in Tampa, Fla.; Dome Equities LLC acquires a 208-unit property in Kansas; and NorthMarq Capital arranges a $14.5 million mortgage via MetLife.
Obama’s Proposed Carried Interest Tax Potentially ‘Devastating’ for Multifamily
Could job creation come at the expense of multifamily owners? The proposed carried interest tax could theoretically cripple the multifamily industry.
TODAY’S DEALS: Applied Development Completes Hoboken Acquisition
Applied Development Company completes ownership of 333 River Street in Hoboken; Voit completes the sale of a distressed community; and Deutsche Bank Berkshire Mortgage refinances FHA, mez debt with $28.5M Freddie Mac loan.
TODAY’S DEALS: HRI, Woodward JV to Convert Historic New Orleans Building
HRI, Woodward JV to convert historic Louisiana building into apts; Urban Investment Partners acquires a 52-unit community in Washington, D.C.; and Hendricks & Partners arranges $975,000 sale at full listing price.
TODAY’S DEALS: Cushman & Wakefield Sells Luxury Manhattan Community
Cushman & Wakefield brokers the sale of a 352-unit luxury community in Manhattan; Essex Realty Group sells a 101-unit community in Chicago for $6.7 million; and NorthMarq Capital arranges a $12 million Freddie Mac permanent loan.
A Different World for CRE, 10 Years Later
The world became a different place on Sept. 11, 2001. The broad political and economic changes wrought by the attacks have been well documented, even as they continue to reverberate 10 years later.