Regions
DEAL OF THE DAY: HFF Participates in GE Capital, Allied Realty Apartment Sale, Borrower Financing
The Houston office of HFF (Holliday Fenoglio Fowler LP) says it has closed the sale of, and arranged financing for, The Retreat at Cinco Ranch, a 268-unit, Class A multi-housing community in Katy, Texas.
Gulf Coast Residential Real Estate to Take a Hit
Santa Ana, Calif.–According to CoreLogic, the impact of the BP DeepWater Horizon oil spill on residential values in coastal counties along the Gulf of Mexico is expected to range from $648 million to $3 billion.
With a Bevy of Buyers, Atlanta Condo Property Obtains FHA Approval
Atlanta–The condominium market is changing, finally.
Student Housing Competes Using Green Features
Harrisonburg, Va.–How much does a feature such as sustainability matter to a student apartment property’s prospects of leasing success?
Urban Housing Begins Construction on Affordable Community in Big Bear Lake
Santa Ana, Calif.–Urban Housing Communities LLC (UHC) will construct The Crossings at Big Bear Lake, a 42-unit affordable housing community.
DEAL OF THE DAY: Occupancy Offset by Low Leverage in Arbor’s $1.5M Fannie Mae Small Loan
Pittsburg, Calif – Arbor Commercial Funding LLC recently funded a $1.5 million loan under the Fannie Mae DUS Small Loan product line.
Southern California Land Values Deep In Recovery Mode
Irvine, Calif.–In Southern California, the bottom of the land market came and went a long time ago, according to a report by The Hoffman Company.
DEAL OF THE DAY: NorthMarq Arranges $25.388M, Interest-Only, Fannie Mae Loan through AmeriSphere
NorthMarq Capital’s San Francisco regional office has arranged a $25.388 million first mortgage for Jefferson at Carmel Mountain Ranch.
Mixed-Use Crown Square Project in St. Louis Completed
St. Louis–Crown Square, a $35 million restoration of 27 buildings in what used to be the 14th St. pedestrian mall near the historic Crown Candy Kitchen in St. Louis, has been completed.
MARKET SNAPSHOT: National Buyers Pursue Assets in Music City
Nashville, Tenn. –Year-over-year fundamentals indicate that the Nashville metro area is on the rebound.