Regions
DEAL OF THE DAY: Walker & Dunlop Closes $26.1M Partial Interest-Only Acquisition Loan
Lakeland, Fla.–Walker & Dunlop provided a $26,100,000 acquisition loan for Victoria Manor Apartments.
MARKET SNAPSHOT: Larger Units in Manhattan Experienced Greatest Rent Growth
New York–The Real Estate Group NY (TREGNY)’s December Manhattan Rental Market Report showed a market more driven by the economy than the season.
Thomas Secures Idaho’s First LEED for Homes Platinum Certifications
Thomas Development Co. obtained LEED for Homes Platinum certification for its new Rosslare Senior Apartments and Cardona Senior Apartments properties.
Archstone Commences Construction of 349-Unit Apartment Project in Suburban DC
Gaithersburg, Md.–Archstone is not pulling any punches in the construction of the Archstone Olde Towne development in Gaithersburg.
DEAL OF THE DAY: Raintree Acquires Its Eighth Property in 2010 for $16.7M
Livermore, Calif.–Raintree Partners completed the acquisition of Meadowbrook Apartments, a 125-unit multifamily property in Livermore, Calif.
Healthcare Reform Bill Already Changing Seniors Housing Development Dynamics
Passage of healthcare reform has already altered dynamics in commercial real estate’s senior housing sector.
AFL-CIO Puts $90M into LES Multifamily Development
New York–The AFL-CIO Housing Investment Trust has invested $90 million in the Lands End II property on Manhattan’s Lower East Side, which will allow rental units to remain affordable for low- and moderate-income renters.
DEAL OF THE DAY: Colliers Witnesses Intense Competition for $34,228/Unit Sale of Lender-Owned Property
Phoenix–Colliers International has negotiated the sale of the Biltmore Center apartment community.
DEAL OF THE DAY: NorthMarq Arranges $20.25M Mortgage in ‘Broken Condo’ Transaction
Oceanside, Calif.–NorthMarq Capital’s Michael Elmore has arranged first mortgage financing of $20.25 million for River Oaks Apartments.
Multifamily Industry to Benefit from Tax Deal
According to NMHC and NAA, there were a number of wins for the multifamily industry in the tax bill passed by Congress and signed by President Obama earlier this month.