Regions
Sycamore Urban Restarts Los Angeles-Area Townhome
Thousand Oaks, Calif.–Construction of an incomplete townhome project is about to pick up where it left off in 2008 now that Sycamore Urban Properties has taken the property off the hands of the FDIC.
DEAL OF THE DAY: Berkadia Originates $25,230,600 in Fixed-Rate Debt for Chicago Multifamily Property
Chicago–Berkadia Commercial Mortgage originated $25,230,600 in fixed-rate debt through its FHA/HUD program for the refinance and additional construction of Long Grove House, a multifamily property in Chicago.
NAHB Recognizes West L.A. Condo Project as “Trend-Setter”
Los Angeles–NAHB has recognized T Lofts, an 84-unit condo redevelopment project in Los Angeles, as a “top trend-setter in the multifamily housing industry.”
Insurance Costs Down for Apartments
According to the National Multi Housing Council, apartment owners saw a 6 percent decline in insurance costs in 2010 compared with last year.
DEAL OF THE DAY: Charles Dunn Represents Buyer in $1.9M REO Sale by Citibank
Los Angeles–Michel Hibbert of Charles Dunn Company negotiated a $1.9 million sale of a 19-unit apartment complex in Los Angeles.
MARKET SNAPSHOT: Consistency Remains Milwaukee’s Greatest Strength
Milwaukee–A modest pricing correction of single-family home has maintained renter demand in Milwaukee, according to the most recent report by Marcus & Millichap.
Historic Chicago Redevelopment Becomes Green Apartments
Chicago–An apartment property that combines historic renovation with green building features is now leasing on the West Side of Chicago, and developers say the combination is helping to attract tenants.
DEAL OF THE DAY: Cushman & Wakefield Facilitates Loan Transaction in Las Vegas
Las Vegas–Cushman & Wakefield multifamily specialists Ed Rosen, John Chu and Alejandro Lombrozo have facilitated the sale of the loan on Carefree Willows, a senior living apartment community.
DEAL OF THE DAY: HFF Arranges 4.66% Acquisition Loan for Purchase of Property Foreclosed by Freddie Mac
Jacksonville, Fla.–HFF has secured financing for Waterford at Mandarin, a 432-unit multi-housing community in Jacksonville.
Value Cos. Upgrades, Leases Up North NJ Apartment Complex
Bergen County, NJ–Dorchester Manor, an apartment complex in New Milford, NJ, is nearing a complete lease-up of its 200 apartments.