National
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.
TODAY’S DEALS: CBRE Capital Markets Arranges $70M for Multifamily in Fla.
CBRE Capital Markets arranges $70 million for multifamily financing in Florida; Blizin Sumberg Baena negotiates $30M mortgage for former Miami condos; and ARA New England brokers the sale of a 4.1 acre development site in Massachusetts.
TODAY’S DEALS: Panther Properties Acquires 300-Unit Property near Atlanta
Panther Properties acquires a 300-unit property in Georgia; Behringer Harvard purchases two student housing communities near the University of Georgia; and Alliance Residential picks up an REO asset in Las Vegas.
Helms Promoted to SureDeposit National Marketing Director
Livingston, N.J.–SureDeposit, a national provider of security deposit alternatives to the multifamily industry, has promoted Kia Helms to national marketing director.
TODAY’S DEALS: HFF Arranges $59.5M for Multifamily Development in San Diego
HFF arranges a $59.5 million construction and mezzanine loan for a multifamily development in San Diego; Marcus & Millichap sells a 121-unit property in Santa Clara, Calif. for $31.4 million; and Invesco Real Estate acquires a 32-story property in Manhattan.
TODAY’S DEALS: CBRE Sells 231 Units in Providence Community
CBRE handles the transaction of 231 units in Providence, R.I.; Inland Fund purchases Illinois residential development; and Cassidy Turley BRE Commercial completes sale transaction at $50,000 per unit.
HUD Experiences Cuts in FY11 Budget, Faces Uncertain FY12
Washington, D.C.–Now that the long-delayed fiscal 2011 federal budget has been settled by Congress, the impact on HUD can be quantified.
TODAY’S DEALS: ARA Brokers Two Sales in Dallas Market
ARA brokers two sales in Abilene, Texas; Preferred Apartment Communities acquires Oxford Summit near Atlanta; and NorthMarq arranges a $26.2 million Freddie Mac mortgage with extended rate lock.
TODAY’S DEALS: Cushman & Wakefield Negotiates $100M Sale
Cushman & Wakefield negotiates the sale of a luxury L.A. apartment for $100 million; Tikijian sells a 226-unit property in Indiana; and Grand Heritage Resort in Colorado closes 31 condo sales.