Regions
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.
Supportive Housing Development Opens in Chicago Suburb
Myers Place, a supportive housing development in northwest suburban Chicago, has been completed.
The Urban Strategy America Fund Invests in 151-Unit Affordable Community
The Urban Strategy America Fund, a fund at New Boston Fund has closed on the permanent financing for the third financial rental phase of Olmsted Green, a community in Boston.
TODAY’S DEALS: Massachusetts Multifamily Asset Trades for $46.8M
CBRE/New England completes a $46.8 million sale; CAPREIT acquires a portfolio in Dublin; and Berzack Investment Property Advisors brokers a 12-unit sale in California.