Regions
TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million
Marcus & Millichap sells two communities in Florida; Transwestern brokers a 210-unit sale in Colorado Springs; and Capital One Multifamily Finance closes a $19.5 million Fannie Mae loan.
Watertown Mews Adds Guest Suite to Amenities Package
The Mill Creek Residential-developed and The Bozzuto Group-managed Watertown, Mass., luxury community, Watertown Mews, has announced the addition of a guest suite to the 206-unit luxury community’s amenities list.
Hunt Mortgage Group Hires Fortunat Semadeni as Director and Chief FHA MAP Underwriter
Hunt Mortgage Group, a commercial real estate lender, announced today that Fortunat (Forty) Semadeni has joined the firm as director and chief FHA MAP underwriter to help expand the firm’s FHA lending platform.
Performance Partners Acquires Linda Vista Apartments in Dallas
A Performance Properties-headed partnership has purchased the 370-unit Linda Vista Apartments in North Dallas.
Economy Watch: Home Price Appreciation Even Slower
CoreLogic reported that home prices nationwide, including distressed sales, increased 5.6 percent in September compared to the same month last year.
Work Begins on Downtown Houston Apartments
Ground has been broken for Catalyst Houston, a high-rise apartment building in the Houston CBD. Altogether, the 28-story property will include 361 units, and is slated for completion in the summer of 2016.
TODAY’S DEALS: Cornerstone Completes Phoenix Disposition
IPA brokers Cornerstone’s sale of a 240-unit asset in Phoenix; URS Capital Partners buys an Ohio apartment community; and NorthMarq Capital negotiates $14 million in acquisition financing.
Opus Develops 26-Story Luxury MF in Downtown Minneapolis
The Opus Group has completed development of The Nic on Fifth, a 26-story, luxury high-rise apartment community in downtown Minneapolis, designed to meet LEED certification.
Grace Hill Acquires Education Division of LeaseHawk and Announces Best-of-Breed Partnership for Multifamily Housing Industry
Grace Hill, a provider of online education and learning management solutions for the multifamily housing industry, and LeaseHawk jointly announced the acquisition of LeaseHawk’s education division.
Economy Watch: Construction Spending Drops in September
The Census Bureau reported that construction spending during September 2014 came in at an annualized rate of $950.9 billion, a drop of 0.4 percent compared with August.