Regions
Affordable Housing for the Homeless Supports the Arts
New California affordable housing community provides shelter and support for the homeless and encourages development of the arts.
TODAY’S DEALS: MG Properties Group Acquires Mixed-Use Condo Conversion
MG Properties Group buys a 33-unit condo conversion for $11.8 million; IPA brokers the sale of a 392-bed student housing community at USC; and Walker & Dunlop provides Freddie Mac funding to two student housing properties.
Stalled Condo Project in Flushing on Track Again
DelShah Capital LLC has finally worked through the legal complexities that will allow it to reposition 31-32 Union Street, Flushing, as Sunrise Terrace Condominiums, and to begin sales of the remaining 17 units in the property.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.
‘Occupy Wall Street’ Protesters Gather at Billionaires’ Apartments
Today, Occupy Wall Street supporters left Manhattan’s Financial District and organized in front of the multi-million dollar apartments of many of New York’s billionaires on the Upper East Side.
TODAY’S DEALS: Clarion Partners Grabs $100M Seniors Portfolio
Clarion Partners acquires three senior housing communities for $100 million; ARA completes an REO sale in Florida; and Alliant Capital arranges a $1.7 million refinance at 4.78 percent interest rate.
Sycamore Buys Bank-Owned Fractured Condo Property
Sycamore Urban Properties has acquired Talus Point, a fractured condominium property, in Reno, Nev. According to public records, Sycamore paid $4.225 million for the property.
DLA Piper 2011 State of the Market Survey: Multifamily Rules
According to DLA Piper’s 2011 State of the Market survey, multifamily is the most attractive investment opportunity for real estate.
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
KAREA Acquires Three Student Housing Properties Near State Schools
Student housing is widely still considered “recession-resistant” as demand for such housing rises with enrollment, which (if anything) has been bolstered by the ravages of the economy.