Regions
TODAY’S DEALS: Capital One Multifamily Finance Provides $20.5M Acquisition Loan
Capital One Multifamily Finance provides a $20.5 million Fannie Mae fixed-rate loan; and Aries Capital closes two small renovation loans.
Adjacent Brooklyn Buildings Net Record Sale Price
A pair of adjacent apartment buildings in the Kensington section of Brooklyn have sold for a combined $10.33 million, GFI Realty Services announced.
Interstate Equities Corporation Acquires Hidden Gem
Interstate Equities Corporation acquired an off-market, 34-unit multifamily property walkable from downtown Burbank, Calif.
Economy Watch: Another Lackluster Q1 Metric (And One That Wasn’t So Bad)
More evidence that the first quarter is going to be remembered as one in which the U.S. economy ran in place (which doesn’t do anyone any good, including various stripes of real estate): consumers didn’t do much more borrowing of any kind during the quarter.
Davis Cos. Acquires 29 Apartment Buildings in Virginia, Plans Rehab
The Davis Cos. has acquired the River City Renaissance portfolio in Richmond for over $37.3 million.
NorthMarq Capital Recognizes Paul Cairns with Annual Award of Excellence
NorthMarq Capital recognizes one producer every year to be awarded the prestigious O’Brien/Klebanoff Award of Excellence.
TODAY’S DEALS: HFF Closes Sale of 14-Property Senior Housing Portfolio
Holliday Fenoglio Fowler LP closed the sale of a multi-state senior housing portfolio totaling 1,038 units; and Marcus & Millichap brokered the sale of a property built in 1973.
Organic Development: Luxury Community Built Above a Whole Foods
The Morgan Group will develop a mixed-use concept that is a first for the area.
Extravagant Condo Development Launching in Premier Florida Golf Course Community
A new condominium development, offering the ultimate Florida lifestyle, is coming to St. Augustine.
Economy Watch: Two Tales of Employment Recovery: Construction and Hospitality
Construction has had a fairly good run lately in terms of job creation, with the Bureau of Labor Statistics reporting that the industry added a net of 45,000 positions in April, after not budging much in March.