Regions
TODAY’S DEALS: MUSA Provides $39.6M FHA 221(d)(4) Construction/Permanent Loan
MUSA Financial provides the largest FHA 221(d)(4) loan through the Fort-Worth, Dallas HUD hub; Bascom Arizona Ventures completes a $13.6 million buy; and Centerline Capital provides a $4 million refinance loan for a seniors asset in Wisconsin.
Trumark Companies to Spend $300M for Six SF Condo Communities
Trumark Urban, a recently created division of Trumark Companies, has acquired a six-site portfolio in San Francisco, to build mid- and high-rise condominium communities of more than 500 units in the city’s urban core.
Yardi Expands Global Footprint with Office in Dubai, United Arab Emirates
Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is pleased to announce the opening of a new office in Dubai, United Arab Emirates.
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
HFF Arranges $25M in Acquisition Financing for Minneapolis Community
HFF has closed the sale of and arranged $25 million in acquisition financing for a 228-unit, mixed-use multifamily community in Minneapolis to KBS Legacy Partners Apartment REIT Inc.
TODAY’S DEALS: ARA Brokers 309-Unit Sale in Austin
ARA brokers the sale of an Austin asset; KBS Legacy Partners Apartment REIT completes its first purchase of 2013; and NorthMarq Capital obtains $21.7 million in acquisition financing from a life insurance company.
Virginia’s Stonebridge to Feature 600-Unit Apartment Community
Agreement has been reached to build a 600-unit urban-style apartment community in Stonebridge, an 83-acre mixed-use project in one of Chesterfield, Va.‘s key retail-business corridors.
Economy Watch: New Home Sales Down Monthly, Up Annually
The Census Bureau reported on Friday that U.S. new home sales dipped 7.3 percent from November to December (seasonally adjusted, since sales always go down toward the end of the year).
Haley Real Estate Group Announces $8M Renovation for Oklahoma Community
Omaha, Neb.-based Haley Real Estate Group announced they are investing $8 million to renovate Park Place, an apartment community in Oklahoma City, Okla.