Regions
Upscale Apartments Slated for North Carolina
A $40.1 million, Class A, 322-unit garden-style apartment community is on the drawing boards for Durham, N.C.
TODAY’S DEALS: Bascom Closes on 121-Unit Asset in San Jose Suburb
The Bascom Group completes a $27.6 million buy; SBV Communities acquires its fourth asset in Greensboro, N.C.; and HFF secures financing for The Laramar Group.
South Florida LIHTC Property on the Block
The Royal Castle Cos., the developer and owner of the Villas de Mallorca, a 252-unit apartment property in Miramar, Fla., has put the property on the market.
Costa Hollywood Breaks Ground Fla. Luxury Condos
Liberty Grand LLC has broken ground on the Costa Hollywood Condo Resort in Hollywood Beach, Fla. The community is already 50 percent sold.
Mortgage Applications Decrease as Rates Reach Two-year High in Latest MBA Weekly Survey
Mortgage applications decreased 11.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 28, 2013.
Yardi Acquires Pierce-Eislen
Yardi® announced today that it has acquired Pierce-Eislen®, a supplier of property- and market-level research and reporting for the multifamily industry in 58 markets throughout the U.S.
Affordable Homes Break Ground in D.C.’s Mount Pleasant Community
Dignitaries congregated this week in the Mount Pleasant neighborhood of Washington, D.C., to celebrate the groundbreaking of Monsenor Romero Apartments. The $19 million affordable community, which will feature 63 units, will rise at the site once occupied by the Deauville apartments.
Economy Watch: More Evidence of Residential Strength
Another measure of the U.S. residential market, coming on the heels of strong Case-Shiller numbers last week, came in positive.
Emeritus to Operate Merrill Gardens’ Seniors Portfolio
Seniors housing specialist Emeritus has inked a deal to take over operation of 38 properties currently run by Merrill Gardens.
TODAY’S DEALS: HFF Arranges $371.7M for Tishman Condo in San Francisco
Tishman Speyer lands construction financing with help from HFF; BRE Properties sells a Los Angeles asset for $46.8 million; and NorthMarq Capital arranges a $14 million loan from a life insurance company for note acquisition deal.