Regions
Queens Condos Refinanced for $50M
Victoria Towers, a mixed-use development in the borough of Queens in New York, has obtained recapitalization financing totaling $50 million.
TODAY’S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix
Bascom Arizona Ventures completes its 10th buy in the past 12 months; The RADCO Cos. buys a 208-unit asset in Illinois; and Lucent Capital provides an $11.83 million loan.
Stiles Welcomes Industry Veteran Jay Jacobson to Lead Expansion of Multifamily Real Estate Divisio
Stiles announced that Jay Jacobson has joined the company as president of Stiles Residential Group, its residential development and investment services division.
SmithJones Partners Completes Colorado TOD
SmithJones Partners announced it has completed construction on a transit-oriented community in Broomfield, Colo. The community, called Arista Uptown Apartments, includes 272 units.
The Domain Companies Secures Financing for New Orleans Mixed-Use Development
The Domain Companies has secured financing and started construction on The South Market District, a mixed-use transit-oriented development in downtown New Orleans.
Commercial/Multifamily Mortgage Debt Outstanding Falls Slightly in Q1
The level of commercial/multifamily mortgage debt outstanding decreased by $4.9 billion, or 0.2 percent, in the first quarter of 2013, the first quarterly decrease since the third quarter of 2011, according to the Mortgage Bankers Association (MBA).
Economy Watch: Homebuilders Happy
American homebuilders have finally climbed out of their crummy funk, according to the National Association of Home Builders.
Two Michigan Apartments Refinanced
In another example of borrowing cheaply while it’s still possible, two apartment properties near Ann Arbor, Mich., have obtained refinancing.
NWP Services Offers New Service Offerings for Utility Cost Recovery and Energy Management
NWP Services Corporation (NWP), a provider of utility cost recovery and management solutions, is introducing a reimagining of services.
TODAY’S DEALS: Steadfast Adds Three Assets to Portfolio in $62M Acquisition
Steadfast Income REIT acquires 642 units; ARA brokers a sale in Virginia; and NorthMarq arranges a $16.7 million mortgage from a life insurance company.