Regions
DEAL OF THE DAY: LeCesse Development Obtains $36.9M FHA Loan to Develop Apartments in Twin Cities
LeCesse Development has closed on a Federal Housing Administration (FHA)- insured mortgage in the amount of $36.9 million to develop Uptown at City Walk, a 242-unit luxury apartment project to be built in the Twin Cities region.
Bidders Brave Blizzard to Buy Arlington Apartments for $118M
Crescent Heights of America, acting through an L.L.C. called 1301 N. Troy, has bought the Palatine
Trumark Sells Silicon Valley Land Parcel to BRE Properties to Develop Apartment Complex
Trumark Cos. has sold 6.6 acres of land in Silicon Valley to BRE Properties, which will develop a 336-unit apartment and mixed-use community.
Enterprise Community Partners Welcomes New Board of Trustee Members
Enterprise Community Partners Inc. has selected three new members to its board of trustees.
Marcus & MIllichap Promotes Armand Tiberio to First VP of Investments
Marcus & Millichap has promoted Armand Tiberio to the position of first vice president of investments. This is one of the highest levels of recognition the firm awards to its investment specialists.
HUD Ruling Could Mean More FHA Financing in Pricier Housing Markets
The Department of Housing and Urban Development announced recently that it would no longer consider the price of land
St. Pete Condos Fly at Recent Auction
About 3,000 potential buyers toured the property in the weeks before the auction
DEAL OF THE DAY: Trophy Residential Tower in Arlington, Va. Auctions for $118M
The Washington, D.C. office of HFF (Holliday Fenoglio Fowler LP says it has closed the sale of The Palatine, a 262-unit, Class A high-rise multi-housing community in Arlington, Va. Crescent Heights of America was the successful bidder at the foreclosure auction and purchased the property for $118 million.
White Paper Shows Archstone Increased Revenue by 1.5% from Call Center’s Capture of Incremental Leads
A property can see a significant increase in its revenue by outsourcing its call center and capturing more resident leads in the process
DEAL OF THE DAY: ARA Brokers Sale of Two Well-Located Distressed Properties for $52.15 Per Square Foot
Apartment Realty Advisors (ARA) brokered the sale of a 78-unit, two property portfolio in Aurora, Colo. to JTA Properties, a private local buyer, for $2,125,000, representing a price per unit of $27,244, or $52.15 per square foot.