Regions
Jones Lang LaSalle Closes Multifamily Portfolio Sale Near Baltimore
Morgan Properties acquires a trio of apartment properties in Baltimore’s Windsor Mill submarket.
TODAY’S DEALS: Sacramento Asset Trades for $14.3M
Marcus & Millichap completes a 97-unit sale in Carmichael, Calif.; Centerline closes a $4 million Fannie Mae loan to refinance a 146-unit asset in California; and Red Capital Partners uses its own balance sheet to provide a $25 million bridge loan.
Atlantic | Pacific Cos. Acquires Pair of Atlanta Communities
Atlantic | Pacific Cos. augments its already extensive Atlanta portfolio with the acquisition of 518 units in the city’s central core.
Economy Watch: Investors Get the Jitters
Wall Street takes a tumble and CUNA reports that the cost of credit card breaches is mounting.
Trade Street Residential Pays $44M for Memphis Luxury Apartments
Florida-based Trade Street Residential Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC—formerly known as Red Mountain Development.
Economy Watch: Existing Homes Sales See Best Year Since ’06
The National Association of Realtors reported on Thursday that total U.S. existing home sales increased in December by 1 percent to an annualized rate of 4.87 million units – that includes single family, townhouses, condos, and co-ops — from 4.82 million units in November.
Economy Watch: Chief Executives More Upbeat
The nation’s CEOs are somewhat more confident about their businesses’ prospects than they used to be, according to annual PricewaterhouseCoopers survey of more than 1,300 chief executives, which was released on Wednesday.
TODAY’S DEALS: Haley Real Estate Makes $82.2M Acquisition of Multifamily Communities in Texas, Alabama and Georgia
Haley Real Estate Group, an Omaha, Neb.-based investment firm, announced the acquisition of six multifamily properties; and NorthMarq Capital arranged a $10.66 million Freddie Mac refinancing.
Georgia Seniors Housing Property Sells for $33M
Towne Club at Peachtree City, a 153-unit seniors rental housing property in Peachtree City, has traded hands for $33 million, or about $215,600 per unit. The owner, Peachtree City Towne Club L.L.C., sold the complex to a private investor.
Canyon Finances Palo Alto LEED-Certified Mixed-Use Project
Canyon Capital Realty Advisors has provided a loan for the construction of The College Terrace Centre by College Terrace Centre LLC.