Regions
MARKET SNAPSHOT: Despite Rent and Occupancy Declines, Transaction Volume in Los Angeles Reaches Its Peak
Los Angeles–While valuations vary between submarkets, the local economy has caused declines in rental rates and increases in vacancy throughout the Los Angeles MSA.
DEAL OF THE DAY: Transwestern Arranges Sale of Waco’s Largest Apartment Complex
Transwestern’s Austin Multifamily Group has brokered the sale of the Sanger Oaks Apartments in Waco, Texas.
MHN Interview with James Brooks: Economic Recovery Is Taking Strong Roots in Inner Cities
Atlanta–James Brooks talks about what the Inner City 100 recognition means to the company and why he thinks cities are powerful economic engines.
Domino Sugar Refinery to be Redeveloped Into Affordable Housing
New York–The factory closed in 2004.
DEAL OF THE DAY: Arbor Closes $17,882,500 Fannie Mae Loan at 5.68% Interest
Fairview Heights, Ill.–Arbor Commercial Funding LLC recently funded a $17,882,500 loan under the Fannie Mae DUS product line for the 252-unit complex Longacre Ponds in Fairview Heights, Ill.
Recession Hasn’t Slowed Lower Manhattan’s Growth
New York–In 2009, total sales outpaced supply in this neighborhood.
Circle at Concord Mills Wins Recognition from NAHB
Concord, N.C.–The apartment community’s clubhouse was the first LEED certified structure in Cabarrus County, N.C.
Partly Built Oakland Apartment Project Revived After Three Years
Oakland, Calif.–City Walk, an apartment development in downtown Oakland had been stalled for about three years.
John C. Santora Named CEO of Client Solutions at Cushman & Wakefield
New York–John C. Santora has been named chief executive officer, client solutions at Cushman & Wakefield. This is a new position overseeing one of the firm’s largest operating units. Santora, who has served as president and chief executive officer for the firm’s Americas region since mid-2008, had previously served as global chief operating officer. He is based in New York. “As we streamline our operations to emphasize quality and consistency of service on a global basis, Santora is uniquely qualified to drive our global corporate services business forward,” says Glenn Rufrano, Cushman & Wakefield’s president and chief executive officer. “Global…
DEAL OF THE DAY: HFF Obtains $26.5M Construction Loan for Downtown Apt. Development
Oakland, Calif.–The Los Angeles and San Francisco offices of HFF (Holliday Fenoglio Fowler L.P.) have arranged a $26.5 million construction loan for City Walk, a 264-unit, transit-oriented multi-housing project in Oakland, Calif.