National
TODAY’S DEALS: Johnson Capital Arranges $19M in Multifamily Loans
Johnson Capital arranges $19 million in two multifamily loans; Berkadia originates $42.36 million for an apartment high-rise; and Mortgage Equicap closes fiancning for two Queens, N.Y. apartment buildings.
TODAY’S DEALS: Hendricks & Partners Sells 112-unit Calif. Community
Hendricks & Partners sells a 112-unit Calif. community for $20M; Mortgage Equicap arranges high cash-out for client; and Marcus & Millichaps sells Texas Tech student housing property.
TODAY’S DEALS: Broad Street Advisors Arranges Financing for Dallas Project
Broad Street Advisors arranges financing for mixed-use Dallas project; AREA invests in a $100M apartment recapitailization; and NorthMarq Capital inks $31 million mortgage for Alabama student housing.
The Role of Affordable Housing in Stimulating the Economy
A study by the Center for Housing Policy shows that affordable housing can create jobs, stimulate the economy and give back to the tax base.
TODAY’S DEALS: Ironshore Capital Purchases Florida Waterfront Condominium
Ironshore Capital purchases a Florida waterfront condominium; HFF completes $240M in Washiginton, D.C. sales; and NorthMarq arranges $24M for 282-unit Maryland property.
TODAY’S DEALS: IPA Brokers Sale of Florida Properties for $63.6M
IPA brokers the sale of two multifamily assets totalling $63.6M; KeyBank provides $71.9M in refinancing to four Texas properties; and Cortland acquires condos through “friendly” foreclosure.
SPECIAL REPORT: NMHC Annual Meeting Draws Upbeat Crowd
Palm Springs, Calif.–Despite slow job creation, panelists at the NHMC Apartment Strategies Conference remain positive about the outlook for the apartment sector.
Apartments to See Healthy Rent Growth in 2011
Carrollton, Texas–Rent growth for U.S. apartment properties was good in 2010, but it will be even better in 2011, according to projections by MPF Research.
TODAY’S DEALS: Berkadia Originates $23.7M for Wash. Property
Berkadia Commercial Mortgage originates $23.7M for Wash. property; AREA Property Partners invests $100M in the recapitalization of Maryland apartments; and Dizengoff-Trading Company purchases 65 condo units in Palm Beach.
SPECIAL REPORT: Apartment Construction Is Inadequate to Meet Growing Demand
Orlando, Fla.–Speakers at the NAHB Builders’ Show agree that the supply of apartments is falling seriously short of what is required to meet the increasing demand generated by renters in a slowly recovering economy.