Regions
TODAY’S DEALS: Prudential Mortgage Capital Provides $71M for Manhattan Asset
Prudential arranges $71 million for a Manhattan refinance; Camden Property Trust buys a development site in Florida; and Alliant Capital completes a $1.4 million refinancing.
New Boston Fund Names New VP of Acquisitions in the Southeast
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced the promotion of David Schneider to vice president of acquisitions for the Southeast region.
Beech Street Capital Recruits Charlie Mentzer to Lead Atlanta Office
Beech Street Capital LLC announced that it has recruited Charlie Mentzer, an experienced originator with extensive agency experience, to manage the firm’s Atlanta office.
Freddie Mac Announces 17th Multifamily Securities Offering This Year, K-023
Freddie Mac announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.
Post Brothers Incorporates VITA Technology to Enhance Worker Safety
In a move that sets it apart from other real estate and construction companies, Post Brothers Apartments recently announced it will implement the VITA Products Inc. Emergency Response Profile (ERP) Safety Platform for its workforce.
Greystar to Manage New Charleston Student Housing
Davis Property Group has tasked Greystar Student Living to manage 400 Meeting Street Apartments, a student housing property in the Old and Historic District of Charleston.
TODAY’S DEALS: Waterton Associates Lands an Atlanta Asset
Waterton completes its seventh buy of 2012; SL Green enters the Brooklyn residential market; and Essex Realty Group brokers sale of a residential condominium building.
The Community Development Trust and Southport Financial Services Acquire Affordable Seniors Community
The Community Development Trust and Southport Financial Services have announced a joint venture to purchase an affordable seniors community called Steinbeck Commons in Salinas, Calif.
HFF Secures Joint Venture Equity for Austin Apartment Community
Hanover South Lamar, a 340-unit multifamily community planned for the booming South Lamar enclave of Austin, Texas, will benefit from joint venture equity arranged by HFF.