Regions
DEAL OF THE DAY: Arbor Closes $3,127,600 Fannie Mae DUS Loan at 6.15% Interest
Augusta, Ga. – Arbor Commercial Funding LLC announced the recent funding of a $3,127,600 loan under the Fannie Mae DUS product line for the 64-unit complex known as Avalon Apartments in Augusta, Ga.
Spanish Firm Wants to Buy Distressed Assets in Manhattan
Espais Promocions Immobiliàries (Espais) plans to continue its expansion internationally by developing new projects in Florida and pursuing the acquisition of several properties in the New York market.
New Study Examines Sustainable Planning Issues
A new report issued by the Partnership for Sustainable Communities discusses the challenges and opportunities presented by sustainable development.
California Awards $3M For Multifamily Energy Retrofits
The state of California has awarded $3 million from the State Energy Program to a partnership of the San Francisco Mayor’s Office of Housing, Enterprise Community Partners Inc. and the Low Income Investment Fund.
Average Apartment Rents Decreased by 4% Over Last 6 Months
Over the last six months, the average rent for an apartment has decreased by 4 percent or about $40 to an average of $961 per month
INVESTMENTS: Marcus & Millichap Lists California Property for $187,500 Per Unit
Novato, Calif.– Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Oak Grove Apartments, an 88-unit, 75,666-square-foot luxury apartment complex in Novato, Calif. The listing price of $16.5 million represents $187,500 per unit and $218 per square foot.
Washington University Pre-Med Student Wins Broadway Show Tickets Through ForRent.com Contest
Meghan Wright, a 22 year-old pre-med student at Washington University in St. Louis, Mo. recently entered a contest and won tickets to the RENT Broadway show.
Bascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy
The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier.
DEAL OF THE DAY: Arbor Closes $4,000,000 Fannie Mae DUS Coop Loan
Topeka, Kansas- Arbor Commercial Funding LLC arranged the funding of a $4,000,000 loan under the Fannie Mae DUS MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, Kansas.
Seniors Housing Community to Open In Bryan, Texas in 2011
Isle at Watercrest, an assisted living and skilled nursing community will open in 2011 in Bryan, Texas, a city where about 10 percent of the population is 62 years and older