Regions
DEAL OF THE DAY: Marcus & Millichap Brokers $52.3M Sale of Apt. Property in Bay Area
Burlingame, Calif.–Marcus & Millichap has brokered the $52.3 million sale of Skyline Terrace, a 138-unit, 174,371-square foot multifamily property in Burlingame, a suburb of San Francisco.
Manhattanites Flock to Yorkville’s Family-Friendly Condos
New York, N.Y.–Yorkville is in the midst of change, with new luxury residential developments spearheading its evolution into a community tailored to family life.
DEAL OF THE DAY: E&G Group Awarded LIHTC Project by Washington, D.C. Housing Department
Washington, D.C.–E&G Group, LLC and its principals have completed the purchase of five properties in Washington, D.C. from five limited equity cooperatives.
Home Properties Buys Two Maryland Apartment Complexes
Howard County, Md.–Home Properties Inc. has acquired two apartment properties in Howard County, Md., totaling more than 1,000 units all together.
NY Condo, Co-Op Owners Face Escalating Charges in 2011
New York–A new report by Cooper Square Realty Inc. contains some unpleasant news for condo-unit owners and co-op shareholders in the city.
DEAL OF THE DAY: Bell Partners Fund Purchases Apartment Property
Chesapeake, Va.–Bell Partners Inc. has joined with a group of high net-worth ownership entities to purchase the 192-unit Alta Great Bridge Apartments in Chesapeake, Va.
Housing Industry Awaits Answers on GSE Reform
GSEs continue to struggle with financial issues as they await promised reform–reform that is unlikely to move any faster as Republicans take control of the House of Representatives when the 112th Congress meets in January.
DEAL OF THE DAY: Arbor Replaces Mortgage with $1.33 Fannie Mae Small Loan at More Favorable Terms
Brookhaven, Miss.–Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,332,500 loan under the Fannie Mae DUS Small Loan product line for the 96-unit complex known as Lakeview Arms Apartments in Brookhaven, Miss. The 10-year loan amortizes on a 30-year schedule.
Fannie Mae Mostly Optimistic about Multifamily in 2011
Despite stubbornly high unemployment, multifamily fundamentals improved during the third quarter of 2010, but the sector’s recovery is expected to pull back slightly during the fourth quarter.
DEAL OF THE DAY: Berkadia Advances $42.66M Freddie Mac Capital Markets Loan for Acquisition
San Diego–Berkadia Commercial Mortgage originated a total of $42,660,000 in fixed-rate debt through the Freddie Mac Capital Markets Execution (CME) program for the acquisition of Canyon Hills and Flower Fields, two multifamily properties in San Diego County.