Regions
TODAY’S DEALS: Security Properties Sells 192 Units Southeast of Seattle
Security Properties exits a value-add play in Washington; Colliers closes an $11.6 refinancing in Atlanta with Prudential; and WaveCrest Capital acquires an apartment property for $8.8 million in an off-market transaction.
The Mark Company: SF, LA and Seattle New Condo Prices Steady in October
The value of new construction condominiums in San Francisco was up 4 percent in October versus the previous month. New construction condominium values climbed 1 percent in Los Angeles and 2 percent in Seattle month over month.
Package Concierge Announces New VP of Sales
Package Concierge, developer of a package locker solution for apartments and student housing communities, today announced that Jack Cady has joined the company as vice president of sales.
Economy Watch: Cities Took it on the Chin During Recession
The Pew Charitable Trusts released a report that quantified how difficult the recession and post-recession years were for the 30 largest U.S. cities.
Alliance Residential Partners with IREM
Alliance Residential has teamed with the Institute of Real Estate Management (IREM) to offer two of the industry’s real estate management credentials available to Alliance associates through its learning management platform, Alliance University.
Freddie Mac Picks Lenders for Small Loan Product
Freddie Mac has tapped three lenders as the first ones to sell loans to the company as part of its new Small Business Lending product: Hunt Mortgage Group, Greystone Servicing Corp. and Arbor Commercial Mortgage.
TODAY’S DEALS: W.P. Carey Grabs Pair of Georgia Apartment Assets for $46M
W.P. Carey-led investment group grabs 444 units in Georgia; HFF arranges financing for a 520-bed student-housing asset in California; and Red Capital provides a $3.85 million balance-sheet construction mezzanine loan.
Shuster Group Reaches 80-Percent Occupancy at Jersey City Apartment
The Shuster Group has reached 80 percent occupancy on The Art House, a luxury multifamily building in downtown Jersey City, with approximately 100 of the 119 new residences now leased.
Economy Watch: Oil Prices Slide More
The worldwide price of oil continued its fall with the international benchmark Brent crude coming in at $82.34, the lowest price in more than four years.
Candlebrook and Lubert-Adler Acquire Student Housing for $230M
Candlebrook and Lubert-Adler Partners have acquired five student-housing properties in various parts of the Eastern United States from Trinitas Ventures for $230 million.