Regions
DEAL OF THE DAY: Kislak Markets and Sell Foreclosed and Renovated Property for $13.5M
Lindenwold, N.J.–The Kislak Company, Inc. announced the sale of Emerald Ridge Apartments, a 376-unit property in Lindenwold, N.J. that sold for $13,500,000. Vice president Matt Weilheimer handled the sale.
Affordable Housing Community in Mississippi Gets Much-Needed $12M Makeover
Meridian, Miss.–The Meridian Housing Authority (MHA) recently held a well-attended ceremony to kick off the rehabilitation of Frank Berry Courts, a 113-unit affordable housing property in Meridian, Miss.
Rick Castro Joins NWP Services as Managing Director, ISO/Lean Six Sigma Quality Programs
Irvine, Calif.–Rick Castro recently joined NWP Services Corp. (NWP) as managing director of its ISO and Lean Six Sigma Programs, reporting to Vaughn Chase, vice president of operations.
DEAL OF THE DAY: Tikijian Represents Seller Who Purchased Mortgage Note and Negotiated Deed in Lieu
Indianapolis–Tikijian Associates participated in the sale of Presidential Estates Apartments, a 255-unit community located on Indianapolis’ far north side. Presidential Estates was listed for $6,750,000, and the sale closed in Ocotber.
MHN Interview with Joe Stanton: NAHB Needs Congress to Work Together
Joe Stanton, senior VP of Government Affairs at the National Association of Home Builders, talks to MHN about the impact that divisiveness in Congress could have on home building.
$77M Mixed-Use Luxury Apartment Project in Baltimore Makes Official Debut
Baltimore–The Fitzgerald, a 275-unit mixed-use residential property in Baltimore, has officially reached completion two years after construction commenced.
DEAL OF THE DAY: Harrison Street Real Estate Capital Sells Three Student Housing Communities in Partner’s IPO
Chicago–Harrison Street Real Estate Capital LLC, a real estate private equity firm based in Chicago, has announced the disposition of HSRE’s entire interest in three student housing communities, totaling a combined 528 units and 1,488 beds, in connection with the initial public offering of Campus Crest Communities Inc.
Multifamily Development Will See Uptick
Washington, D.C.–NAR has reported that pending home sales dropped in September compared with the previous month, suggesting that the road to higher sales for condos will be a bumpy one.
Housing Segment of Lagunitas Mixed-Use Project in California Sells for $10M, Readies for Development
Carpinteria, Calif.–Investec Real Estate Cos. has found an investor to buy and develop the residential portion of Lagunitas, its 25-acre mixed-use project in Carpinteria, Calif
DEAL OF THE DAY: Deutsche Bank Berkshire Mortgage Provides $161.45M Loan for Acquisition of 11 Properties
Boston–Deutsche Bank Berkshire Mortgage (DBBM) recently provided a fund managed by Eaton Vance Management with a $161,450,000 loan to acquire a pool of 11 multifamily properties located across seven states.