National
TODAY’S DEALS: HFF Arranges $14M Financing for Colorado Complex
HFF arranges a $14M financing package for a Colorado property; Behringer Harvard sells a 390-unit asset near San Francisco to an institutional investor; and NCB, FSB arranges financing for local cooperatives.
TODAY’S DEALS: Beech Street Provides $32M Refinance to 648-Unit Property
Beech Street Capital provides a $32 million refinance for a 648-unit property in Delaware; Walker & Dunlop provides a $5.6 million refinance loan for a Vermont property; and Colliers negotiates the sale of two properties in Phoenix.
Cushman & Wakefield and Walker & Dunlop Enter MF Strategic Alliance
New York and Bethesda, Md.–Cushman & Wakefield and Walker & Dunlop have formed a strategic alliance to focus on multifamily agency financing and investment sales.
TODAY’S DEALS: IPA Arranges $76.5M Sacramento Area Sale
IPA completes the $76.5 million sale of a 612-unit property in Roseville, Calif.; NorthMarq Capital arranges two multifamily mortgages totaling $24.5 million; and Hendricks & Partners represents the seller in a 4.8 percent cap sale.
TODAY’S DEALS: BCN Acquires Prime Manhattan Space for Condo Development
BCN Development signs prime Manhattan space for a new condo; Emeritus enters a purchase agreement with Blackstone for 24 assisted-living communities; and Beech Street Capital originates $12.65 million Fannie Mae loan for property in an improving area.
Hospitality Property Values Rebound in 1Q11
New York–Integra Realty Resources’ Commercial Property Index finds that the hospitality/lodging sector has experienced the second-best growth prospects, after the multifamily sector.
TODAY’S DEALS: Lee & Associates Completes $40.9M Las Vegas Transaction
Lee & Associates completes a $40.9 million acquision transaction in Las Vegas; AREA and ECI recapitalizae a multifamily portfolio to the tune of $208.5 million; and Continental Real Estate Companies completes a $6.8 million sale in Florida.
Apartment Sector Sets Records in Market Tightness and Equity Availability: NMHC
Washington, D.C.–According to the National Multi Housing Council’s latest Quarterly Survey of Apartment Market Conditions, the apartment industry continues to recover briskly.
TODAY’S DEALS: MAA Completes Two Florida Acquisitions
MAA acquires two recently constructed apartment communities in Florida; Edgewood Capital finances the acquisition of a 186-unit property in Jacksonville; and Berkadia originates an acquisition loan at 80 percent LTV.
TODAY’S DEALS: Donaldson Group and Angelo, Gordon Acquire 599-Unit Property
The Donaldson Group finalizes the acquisition of a 599-unit community in Forestville, Md.; NorthMarq Capital arranges a $32M mortgage via a life insurance company; and Prometheus expands its management role in the Pacific Northwest with three new properties.