Regions
TODAY’S DEALS: Johnson Capital’s Dallas Office Arranges $11.72M Loan for Property Acquisition
Johnson Capital secures $11.72 million for acquisition financing for a property in Austin; and BMC Capital provides a $3.8 million loan for a 154-unit property
Clarion Acquires Student Housing Near University of Arizona
Clarion Partners has announced the acquisition of the 183-unit student housing community, Retreat at Tucson, which serves the student population of the nearby University of Arizona.
Bell Partners Tabbed One of Triad Region’s Best Workplaces
Apartment investment and management company Bell Partners Inc. has been named one of the Triad region’s best workplaces.
Economy Watch: Case-Shiller Reports Continued Residential Price Hikes
Standard & Poor’s released the latest Case-Shiller home price indexes on Tuesday, and as expected, they indicated rising prices in a lot of markets.
Winn Finishes Rehab of Philly Affordable Seniors Housing
WinnDevelopment, the real estate development arm of WinnCompanies, has completed the rehab of Venango House Apartments, an affordable seniors housing property in the Tioga neighborhood of Philadelphia.
TODAY’S DEALS: HFF Closes Sale of N.J. Development Site
A 25.4-acre fully approved site trades hands; Clarion Partners buys a student housing asset in Tucson; and Meridian Capital negotiates $43 million in financing for properties in New York.
Sunrise Management Opens New Phoenix-Area Office; Names New Regional VP
Phoenix—Sunrise Management has expanded its Southwestern operations, opening a new Phoenix-area office at 1921 S. Alma School Rd., Suite 214, Mesa, Ariz. To keep pace with growth in the region, Kevin Pennel has been promoted from regional real estate manager to regional vice president for the new office and will lead a team overseeing an expanding portfolio of multifamily properties. According to Pennel, the multifamily market in the Phoenix area is robust and because of demand, coupled with its proven track record in the area, Sunrise is expanding in the region. The firm currently manages approximately 3,659 units within 19…
Hakimian’s 75 Wall Condos Setting the Pace for FiDi Sales
The Hakimian Organization announced that the sales total for October has exceeded $17 million through 12 transactions at its 75 Wall community atop the Andaz Wall Street Hotel in New York.
Victory Housing Opens Seniors Affordable Housing in Rockville, Md.
Victory Housing has opened Victory Court, a mixed-income community for residents 62 and older in downtown Rockville, Md.
Economy Watch: Pending Home Sales Decline
The National Association of Realtors said that its Pending Home Sales Index dropped to 101.6 in September from a downwardly revised 107.6 in August.