Regions
TODAY’S DEALS: Walker & Dunlop Provides TF Cornerstone with $120M
Walker & Dunlop lands $120 million for an apartment tower in Queens, N.Y.; a new mixed-use asset is coming to Charles City, Iowa; and NorthMarq arranges a $19.9 million mortgage with two years interest-only.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
Southeast Multifamily Sector Tallies Most Transactions Since ‘05
High rental demand and a positive lending environment have helped catapult the multifamily sector in the Southeast United States to its highest transaction levels since 2005.
Economy Watch: Home Prices Up Compared With Last Year
The S&P/Case-Shiller Home Prices Indices, which were released on Tuesday, showed that residential prices were up 4.5 percent in the nation’s 10 largest metro areas, and 5.5 percent in the 20 largest metros, for the 12 months ending in November 2012.
Twin Apartment Buildings Open in Santa Monica
Two multifamily rental properties adjacent to each other in Santa Monica that have been in the works for some time have finally been completed. The properties, called NMS@1420 and NMS@1430, will each house 50 one- and two-bedroom apartments.
TODAY’S DEALS: MUSA Provides $39.6M FHA 221(d)(4) Construction/Permanent Loan
MUSA Financial provides the largest FHA 221(d)(4) loan through the Fort-Worth, Dallas HUD hub; Bascom Arizona Ventures completes a $13.6 million buy; and Centerline Capital provides a $4 million refinance loan for a seniors asset in Wisconsin.
Trumark Companies to Spend $300M for Six SF Condo Communities
Trumark Urban, a recently created division of Trumark Companies, has acquired a six-site portfolio in San Francisco, to build mid- and high-rise condominium communities of more than 500 units in the city’s urban core.
Yardi Expands Global Footprint with Office in Dubai, United Arab Emirates
Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is pleased to announce the opening of a new office in Dubai, United Arab Emirates.
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
HFF Arranges $25M in Acquisition Financing for Minneapolis Community
HFF has closed the sale of and arranged $25 million in acquisition financing for a 228-unit, mixed-use multifamily community in Minneapolis to KBS Legacy Partners Apartment REIT Inc.