Regions
TODAY’S DEALS: JB Matteson Purchases Sacramento Multifamily Community for $29.8M
JB Matteson buys its second Sacramento apartment asset; Bell Partners sells a St. Louis community to Equus Capital Partners; and CBRE Group arranges the sale of a Coney Island apartment building for $3.78 million.
Capital One Multifamily Finance Opens Orlando Office, Appoints Senior Vice President Robert Nagel to Head Office
Capital One Multifamily Finance announced that it has opened a new office in Orlando, Florida. The office will be headed by Robert Nagel, newly appointed senior vice president of originations, and will offer Capital One’s clients access to Agency financing from Fannie Mae, Freddie Mac, and the FHA.
Sunrise Adds Four Properties to Management Portfolio
San Diego-based Sunrise Management has announced the addition of four properties to its multifamily portfolio, adding 477 units to its portfolio of more than 5,300 units in the region.
Recent Success Fuels New Wave of Sales at Dubai Creek Harbour
Sales for more than 240 units in the second and third luxury residential towers of Dubai Creek Harbour at The Lagoons were launched in mid-November, at a sales event in Dubai, Abu Dhabi and Doha.
KGD Architecture’s Arlington Mill Residences Captures Award
Arlington Mill Residences, an affordable housing community in Arlington, Va. has been named “Best Housing Development in Virginia.”
Condo Construction Financing Making a Slow but Steady Comeback in Miami
The recent recession hit the real estate industry hard. Miami’s multifamily residential construction scene was no exception; however, the condo market is beginning to bounce back.
Economy Watch: Existing Home Sales Edge Up
Total existing U.S. home sales rose 1.5 percent to an annualized rate of 5.26 million units in October from 5.18 million in September, the National Association of Realtors reported.
M.V. Partners Opens New Seniors Apartments in Costa Mesa
Azulón at Mesa Verde, a 215-unit, market-rate seniors housing development, is now open in Costa Mesa with nearly 70 apartments occupied. Locally based M.V. Partners developed the “resort-inspired” project for renters over 55.
TODAY’S DEALS: Olympus Property Acquires Luxury Adaptive Reuse High-Rise in Downtown Dallas
A 440-unit high-rise in Dallas trades hands; Domain Acquisitions and BH Equities acquire 672 units in North Phoenix; and NorthMarq Capital secures $103.7 million in Freddie Mac refinancings to take out bank loans.
NAHB Announces Best of 50+ Housing Awards Finalists
The National Association of Home Builders has announced the finalists for NAHB’s 2015 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry.