Regions
$131 Million Military Housing Named Project of the Year
The American Public Works Association, San Diego/Imperial Chapter, has recently named The Bachelor Enlisted Quarters (BEQ) at Camp Pendleton, a $131 million property, as its 2012 Project of the Year.
SPECIAL REPORT: Financing Availability, Low Interest Rates Drive CRE Markets
Debt financing has returned to the commercial real estate markets, deleveraging will likely continue, and the stream of distressed loans will continue to flow into the market, according to speakers at the 2012 ULI Spring Meeting held last week.
Steadfast Income REIT Acquires Luxury OKC Property
Steadfast Income REIT has made its second Oklahoma City-area acquisition of the young year.
Florida Multifamily Development Going for NAHBGreen Gold
SeaBourn Cove, a 456-unit multifamily project on 23 acres in Boynton Beach, has been acknowledged as the largest such development to pursue gold level certification from the National Green Building Program.
TODAY'S DEALS: Manhattan Mixed-Use Asset Trades for $23.7M
Marcus & Milichap sells a 177-unit mixed-use asset in Manhattan; and Enterprise closes the first ever Green Refinance Plus Fannie/HUD loan.
Downtown Tampa Rental Community Sold to Bell Partners
The 422-unit Seaport Channelside Apartments in downtown Tampa was sold in mid April for more than $66 million.
MARKET SNAPSHOT: Salt Lake City Outpaces Nation in Employment, Occupancy
Salt Lake City sported one of the lowest metropolitan unemployment rates in the nation at the beginning of 2012–at 6.5 percent, down from 6.9 percent in 2011.
KBS Legacy Partners Announces New Acquisition
KBS Legacy Partners Apartment REIT, a joint venture sponsored by KBS Capital Advisors LLC and Legacy Partners Residential Realty LLC, has recently made a large multifamily acquisition.
TODAY'S DEALS: MG Properties Buys Seattle Asset for $18.5M
MG Properties group buys a Seattle asset from an affiliate of Goodman Real Estate; Primedia completes its purchase of Rent.com; and Beech Street arranges a $10 million CMBS loan to refinance a student housing asset.
Design for Highrise Residences in Beirut Complete
The design for the first phase of Waterfront City in Beirut, which will include 270 residences rising eight levels above street level, has been completed.