Regions
DelShah Buys $11M Debt on Manhattan Condo Building
DelShah Capital has bought the $11 million first mortgage on 11 East 36th Street in Manhattan from First Central Savings Bank.
TODAY'S DEALS: Home Properties Buys Two Virginia Assets for $112.2M
Home Properties buys two properties for $112.2 million; Petra Capital completes a $46.5 million sale in Arizona; and Red Mortgage Capital finances a $41.2 million Fannie Mae loan on behalf of Associated Estates.
Altman Targets South Florida for Multifamily Development
The Altman Companies, a South Florida multifamily development and management company, is going to construct four new apartment communities in Boynton Beach, Coconut Creek, Kendall and Pembroke Pines.
Appealing to Millennials: Must-Haves for New Apartments
A recent webinar titled “Top 12 Must-Haves in Your 2012 Apartment Project” described important features to consider for new apartment community projects to appeal to renters, particularly Generation Y.
TODAY'S DEALS: Beech Street Provides $68M Portfolio Refinance
Beech Street Capital refinances four properties for the Galman Group; Federal Capital Partners sells a Richmond, Va., asset for $28.6 million; and NAI Hunneman finds a buyer for the $1.55 million sale of a Boston property with condo-conversion possibilities.
Green Affordable Apartments Open Fully Leased in South Florida
The Pinnacle at Avery Glen, an affordable apartment property in the Broward County town of Sunrise, has opened completely occupied.
Phoenix Luxury Rental Property Acquired by Aimco
The Arizona portfolio of Apartment Investment and Management Company, better known as Aimco, has grown to 10 market-rate properties, with the company’s recent acquisition of the San Melia Apartments in Phoenix.
TODAY'S DEALS: Champion Picks Up 218-Unit Asset in Ohio
Champion Real Estate Services completes a $11.8 million purchase in Ohio; a joint venture breaks ground on a 440-unit development in Los Angeles; and NorthMarq Capital arranges $26.5 million in funds from a life insurance company.
Vacancies Down, Rents Up in Chicago Apartment Market
Recently employed residents are forming new rental households in Chicago, which generates positive net absorption of apartment units; however, there isn’t enough supply yet to meet that increasing demand.
Long Island City's L Haus Surpasses 80-Percent Sold
The L Haus condominium, developed by the Stahl Organization in Long Island City, has recently reached the 85-percent sold sales plateau.