National
TODAY’S DEALS: NAI Tampa Bay Brokers Sale of Oasis Grand Tower
NAI Tampa brokers sale of Oasis Grand tower to Lofton Islands Holdings; The Donaldson Group closes on acquisition and renovation refinancing for a 459-unit community; and Marcus & Millichap brokers sale of mnufactured housing community for seniors.
TODAY’S DEALS: CB Richard Ellis Brokers Sale of $112.5M Apartment Community
CB Richard Ellis sells 415-unit New Brunswick, N.J. apartment complex; Essex Realty Group brokers sale of $4.4 million vintage Chicago apartment; and Helios Capital completes non-performing loan transaction.
Recovering Economy Will Improve Already Robust Multifamily
The economic recovery might be slower than everyone wants, but it will help what is already a thriving multifamily market.
TODAY’S DEALS: Colliers Completes Sale of 82-Unit Calif. Multifamily Property
Colliers completes the sale of an 82-unit California multifamily complex for $11.6 million; AREA Property Partners acquires two Tampa properties for $78 million; and Johnson Capital secures financing with lower rates and longer amortization periods.
Economy Watch: Financial Crisis Panel Offers Split Conclusion
Financial Crisis Inquiry Commission releases its report, shedding little light on what caused the economic meltdown of 2008. Pending home sales and economic activity indicate that we’re on our way back from dark times.
TODAY’S DEALS: Huntington Bank on Track to Meet $100M Affordable Housing Goal
Huntington Banks surpasses halfway point in $100 million commitment to Ohio affordable housing; Largo Group arranges a $27 million first mortgage for N.Y. apartments; and NorthMarq closes $16.75 million first mortgage financing on Calif. apartments.
Economy Watch: New Home Sales Edge Up Unexpectedly
Home sales increased in December; the Fed isn’t worried about inflation yet; and–news flash–the federal deficit is out of control.
Even Better Times Ahead for Apartment Market: Marcus & Millichap
Whether apartment owners decide to hold on to their properties or or take them to market, this is going to be a good year for them.
TODAY’S DEALS: CWCapital Provides $90M in Construction Financing
CWCapital provides $90 million in construction financing to a Maryland multifamily complex; Venture West Funding arranges $7.8 million for four California apartments; and Walker & Dunlop arranges 5 percent early-rate Lock loan.
Q&A with Behringer Harvard’s Jason Mattox
Behringer Harvard invested nearly $900 million in commercial real estate assets in 2010–nearly double its 2009 number. Chief Administrative Officer Jason Mattox talks about the company’s strategy.