Regions
American Campus Communities Offers Faster Internet Service to Callaway House Residents
The Callaway House Austin, a new off-campus community serving University of Texas at Austin students, will offer unprecedented Internet service of up to one Gigabit per second per resident.
TODAY’S DEALS: Essex Property Trust Sells Calif. Apartment for $138M
IPA brokers a 400-unit sale in California; NorthMarq Capital arranges $52.3 million for an apartment acquisition in Austin; and Franklin Street closes on a $8.5 million, 10-year, loan, at 3.96 percent interest for the first two years.
TODAY’S DEALS: Behringer Harvard Acquires Houston-area Apartment
Behringer Harvard completes a 240-unit buy in Sugar Land; AEW buys a Durham asset from a Greystar JV; and Meridian Capital negotiates financing for six multifamily properties in New York.
Praxis Capital Acquires Whispering Oaks in Suburban Houston
Whispering Oaks Apartments, a 140-unit property in the Houston suburb of Conroe, Texas, has been acquired by Santa Rosa, Calif.-based Praxis Capital LLC.
Oak Grove Capital Provides $55.64M For Three Minn. Communities
Oak Grove Capital recently originated three HUD 223(f) loans totaling $55.64 million to refinance three multifamily communities in the Twin Cities area of Minnesota.
TODAY’S DEALS: Large Texas Apartment Community Trade Hands
Marcus & Millichap completes a 720-unit sale; Centerline provides a $1.1 million refinance for an affordable asset in Mississippi; and Berkeley Point Capital facilitates $12.5 million for an acquisition.
MassHousing’s David Keene Elected as VP of National Leased Housing Association’s Board of Directors
MassHousing’s David Keene has been elected to serve a one-year term as vice president on the National Leased Housing Association Board of Directors.
First Ritz-Carlton Hotel in Israel Confirms Late 2013 Opening
One of the largest luxury hotel groups in terms of both number of venues and notoriety is set to open its first Israeli location.
Crowning Touch for Chicago High-Rise Apartment Project
The 42-story luxury high-rise apartment community 73 East Lake, under construction in Chicago’s Loop, has been topped off. The announcement was made by the developer, Chicago-based M&R Developmen
Economy Watch: Mortgage Delinquencies, Foreclosures Drop in 2Q
The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to 6.96 percent of all loans outstanding at the end of the second quarter of 2013, the lowest level since mid-2008.