Regions
TODAY’S DEALS: KTGY Designed Student Housing to Break Ground at Univ. of La Verne
KTGY-designed mixed-used student housing project to break ground at La Verne Univ.; Education Realty Trusts has purchased two communities next to the Univ. of Virginia; and NorthMarq arranges $15.5M mortgage for property in San Diego.
Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
Dolben Hires Two Property Managers
Woburn, Mass.–The Dolben Company, Inc. has hired two regional property managers, Tim Bostrom and Derek Olszanowski.
Waterton Goes Hunting for More Multifamily
Chicago–Waterton Residential has closed on a $500 million multifamily investment fund that will specialize in seeking value-add multifamily opportunities through repositioning and recapitalization properties.
TODAY’S DEALS: HFF Arranges $22.35M in Financing for North Texas Multifamily Community
HFF arranges $22.35 million in financing for La Valencia at Startwood; Federal Capital Partners buys two Maryland communities; and Beech Street funds $31.4 million Fannie Mae loan originated by Meridian Capital.
Economy Watch: Japanese Disaster Reverberates Worldwide
The damage to Japan is widespread, with ripples affecting numerous facets of finance and industry. And hackers at Anonymous are accusing Bank of America of playing dirty with homeowners insurance.
Berman Joins Ariel Property Advisors
New York–Jonathan Berman has joined Ariel Property Advisors as a vice president for investment sales with responsibility for multifamily and development properties in Brooklyn.
Dune and TDI Form $1B Multifamily JV
Dune Real Estate Partners and TDI Real Estate Holding have formed a joint venture to acquire and develop multifamily assets throughout the United States.
TODAY’S DEALS: Senior Housing Properties Trust to Buy 20 Communities for $304M
Senior Housing Properties Trust to acquire 20 communities for $304 million; Harbor Group affiliates to buy 20 property mulifamily portfolio for $165.9 million; and Transwestern Realty funds mezz loan for new construction.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.