Regions
MARKET SNAPSHOT: Employment and Occupancy Expected to Rise in Charlotte Despite BofA Job Cuts
Employment in the Charlotte metropolitan area is expected to increase over 2 percent in 2012, forcing occupancy and rent prices to make similar strides.
TODAY'S DEALS: Bascom Completes Largest Hawaiian Transaction Since 2007
The Bascom Group buys a Hawaiian asset for $73.5 million; ARA brokers a $20.5 million sale in Colorado; and Cohen Financial finds a Canadian life company as capital source to fund a $7.1 million loan.
Via Verde Puts Remaining Co-ops on Market
Via Verde, a mixed rental and co-op building in the Melrose section of the South Bronx, has put the rest of its co-op units on the market.
TODAY'S DEALS: JV Secures Site for 249-Unit Development
A Seattle joint venture secures the site of a $96 million development; Beech Street Capital lands $53 million for two portfolios in Northern California; and Walker & Dunlop provides a $36.4 million loan.
Engler Financial Group Collecting Bids on Jasmine Woodlands
Engler Financial Group LLC, on behalf of its owner, Lyon Management Co. Inc., recently collected bids to purchase the Smyrna, Ga.-based garden-style apartment community known as Jasmine Woodlands.
Lenders Lose Less on Multifamily Loans, MBA Says
The Mortgage Bankers Association has reported that lenders lost less on multifamily mortgages in 2011 than they did in 2010, another sign of the increasing strength of the multifamily market.
MHN Interview: Identifying Problem Renters Before They Even Sign the Lease
Do you really know who’s living in your apartments? Joseph Killinger, who launched Rent Rite Directory, explains how the free directory can help property managers know if a perspective resident has a problematic renting history or a criminal record.
TODAY'S DEALS: Marcus & Millichap Sells 506-Unit Community in Dallas
Marcus & Millichap brokers the sale of a Dallas value-add property; M West Holdings buys 45 lofts in Los Angeles; and NorthMarq arranges a three-year, $10.9 million mortgage at a 30-year amortization schedule.
Second Phase of Affordable Housing Project Under Way in Riverside County
Affirmed Housing Group has broken ground for the Monte Vista Apartments in downtown Murrieta, a city in southwestern Riverside County, Calif. Monte Vista II will add 40 affordable units to the existing 64-unit Monte Vista Apartments.
Lorena Heights Affordable Apartments Open in LA's Boyle Heights
The East Los Angeles enclave of Boyle Heights welcomed a new affordable housing development with the grand opening of Lorena Heights Apartments.