Regions
TODAY’S DEALS: Meridian Capital Arranges $58.6M in Acquisition Financing for Hi-Rise in New York on Behalf of Carmel Partners
Meridian Capital arranges a $58.6 million seven-year mortgage provided by a regional balance sheet lender; Miller-Valentine lands $12.8 million for an affordable Georgia development; and Champion completes its three-phase acquisition of a 304-unit property in Ohio.
Pre-Leasing Underway at The Residence Buckhead Atlanta
The Residence Buckhead Atlanta, a new 370-unit high-rise in Atlanta’s upscale Buckhead Village, is in pre-leasing, developer OliverMcMillan reports.
Peak Campus Management’s General Counsel Awarded as Outstanding Solo Corporate Counsel
Peak Campus Management announced today that Jennifer C. Hill, vice president of human resources & general Ccounsel, has been named “Outstanding Solo Corporate Counsel” by the widely circulated Atlanta Business Chronicle and the Association of Corporate Counsel for her commitment to excellence at Peak Campus
Economy Watch: Investment in Real Estate Still Lags
The Bureau of Economic Analysis released the real estate-related components of the government’s latest estimate for U.S. GDP growth.
Yardi Acquires Energy Efficiency Software Provider Enerliance
Yardi announced today that it has acquired Enerliance, a leading developer of energy efficiency software
TODAY’S DEALS: Atlanta Seniors Housing Sells for $83.5M
Cassidy Turley arranges a seniors housing sale; ARA brokers the $37.3 million sale of a multifamily asset to Passco Companies; and CBRE/New England recapitalizes a LEED-Silver certified apartment in Massachusetts.
Shamrock Communities Announces Re-Opening of Indianapolis Community
Shamrock Communities kicked off the grand re-opening of Cottages of Fall Creek Apartments in Indianapolis with an on-site ribbon cutting ceremony to celebrate the repositioning of the community.
Dominium Completes Affordable Renovation in Kissimmee
Dominium has completed the renovation of St. Cloud Village Apartments, an affordable housing community in Kissimmee, Fla.
JV to Develop Mixed-Use Community in Coram, NY
The Long Island Regional Economic Development Council, Community Development Corporation of Long Island and Conifer Realty have joined forces to build Wincoram Commons, a mixed-use development to be comprised of 176 workforce rental homes and 13,300 square feet of commercial space on 17.65 acres in Coram, N.Y.
Economy Watch: Number of Underwater Mortgages Drops
Black Knight (formerly LPS) released its Mortgage Monitor report, reporting that 5.52 percent of U.S. residential mortgages were delinquent for the month, down from 5.97 percent in February (more than 30 days late, but not in foreclosure).