Regions
South Common Apartments Acquired for $4M
A private investor based in Massachusetts has obtained a $4 million Fannie Mae loan to acquire South Common Apartments, a 72-unit apartment property in Lynn, Mass.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.
Sherwood Equities’ 500 West 21st Street Condominium Underway
Main foundation work is complete on a new condominium development from Sherwood Equities in Manhattan’s West Chelsea community.
Economy Watch: Employment Metrics Not Bad in March
The increase in U.S. jobs in March (up 192,000) was welcome news to those worried that something more deleterious than cold weather had hit the economy during the winter.
TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal
The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.’s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area.
Raleigh, N.C., Tops the List for Highest Renter Customer Satisfaction, Study Says
Raleigh, N.C., was recently ranked No.1 for online renter satisfaction according to a study released by J Turner Research, a Houston-based company that exclusively specializes in market research for the multifamily industry.
Mattamy Buys Jacksonville-Area Master-Planned Site for $43M
Mattamy Homes has acquired the RiverTown property from the St. Joe Co. for $43.6 million.
Economy Watch: Economy Creates 192K Jobs in March
The U.S. economy created 192,000 jobs in March, according to the Bureau of Labor Statistics.
TruAmerica Multifamily Makes First Denver-area Acquisition
TruAmerica Multifamily has announced that in partnership with two other companies, DVO Real Estate and RCG Longview, it has purchased Tamarac Village Apartments, its first acquisition in the Denver metro area.
IPA Plans Another Phoenix Seniors Housing Development
Investment Property Associates and Retirement Community Specialists have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd.