Regions
MARKET SNAPSHOT: Condo Prices in San Francisco on the Rise
The San Francisco condo market is running out of inventory, according to Alan Mark, founder and president, The Mark Company, a San Francisco-based residential sales and marketing firm, who also predicts that there won’t be any new inventory under $1 million by the end of the year.
MHN Interview with Jeff Adams: Biggest Change for Affordable Housing is LIHTC Drying Up
While real estate in general has languished
Melrose Commons Earns First Stage II LEED-ND Silver in NYS
The United States Green Building Council (USGBC) has awarded LEED
DEAL OF THE DAY: NorthMarq Completes $38M in Co-op, Perm & Acquisition Financing
NorthMarq Capital arranged an $8,900,000 permanent loan
Jones Lang LaSalle Appoints Three New Execs to Lead Americas Real Estate Investment Banking Platform
Jones Lang LaSalle has hired Thomas O. Fish, Michael J. Melody and Thomas J. Melody to lead its Americas Real Estate Investment Banking (REIB) business
St. Regis Bal Harbour Resort Completes Vertical Construction Phase
Starwood Hotels & Resorts Worldwide has completed vertical construction
Autumn Woods is Now College Edge, Upgrades Coming Up
The apartment community previously known as Autumn Woods
Multifamily Mortgages Relatively Strong: MBA
The Mortgage Bankers Association has published a study (a “Data Note,” the organization calls it) of the relative strength of loans held by U.S. banks and thrifts, finding that commercial and multifamily mortgages remain–despite gloomy press stating the contrary–relatively strong.
Rentbits.com Acquires ApartmentFrog.com
Rental search engine rentbits.com has acquired ApartmentFrog.com, an apartment search site, for an undisclosed price.
DEAL OF THE DAY: Marcus & Millichap Brokers $11.7M Sale of Property in Washington, D.C.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.