Regions
Today's Deals: Canyon-Johnson Urban Fund Invests in L.A. Development
Canyon-Johnson Urban Fund closes the financing gap on a L.A. development; ARA brokers a 240-unit sale in North Carolina; and GFI Realty brokers the $1.05 million sale of apartment building.
Mission Place Complete, Almost Fully Leased in Jessup, Md.
The Dolben Co. has announced the completion of Mission Place, a $53 million development that includes 262 luxury apartments and almost 24,000 square feet of ground-floor retail on a 6.5-acre parcel at the junction of Washington Blvd. and Mission Rd. in Jessup.
New Partnership Seeks Value-Add Apartments in Metro Seattle
Trinity Real Estate and Norman Partners have formed a partnership to buy multifamily properties and other kinds of commercial real estate in the Puget Sound region.
Today's Deals: MG Properties Acquires 163-unit Community
MG Properties completes a $28 million acquisition, has $200 million planned for 2012; AEW Capital buys a Portland asset for $55.3 million; and Meridian Capital negotiates financings totaling $29.9 million for properties in New York.
Boston Suburb the Site of Newest Legacy Park Apartment
The Federated Cos. announced earlier this week that it has purchased a 12-acre site in Wilmington, and plans to construct an MGL Chapter 40-B mixed-income rental community featuring a total of 108 units, to begin pre-leasing in early 2013.
More Good Times Ahead for Multifamily in 2012
According to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, additional growth is on tap for the U.S. multifamily sector this year, after a successful showing in 2011.
MARKET SNAPSHOT: 2012 Predictions Indicate that Class B Product Will Play Bigger Role
The multi-housing sector continues to be in the best shape of all real estate, affirmed panelists at a webinar, hosted by Humphreys & Partners Architects LP, yesterday.
IRS Issues "Repair Regulations," Multifamily Industry Now Has to Figure Them Out
There are new federal regulations regarding the tax treatment of costs incurred in acquiring, maintaining and improving tangible property, including multifamily buildings. The Internal Revenue Service issued temporary and proposed ruleson the matter just before Christmas–and now it’s up to members of the multifamily industry to figure out how they will affect their businesses.
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
TODAY'S DEALS: EdR Acquires Student Asset for $28.5M
EdR acquires a property serving St. Louis University; Continental Realty Advisors purchases a 1,200-unit portfolio; and NorthMarq arranges a $19.1 million Freddie Mac mortgage.