Regions
Today's Deals: Archstone Partnership Acquires $42M Asset in Florida
An Archstone-sponsored partnership acquires a 252-unit community in Boca Raton; HFF arranges $37 million for a 326-unit development; and ARA executes the sale of rare site in Houston’s sought-after Galleria submarket.
Premier 940-Unit Apartment Portfolio Trades in Houston
The apartment market is bustling in metropolitan Houston, and investors recently came out in droves to lasso a three-property, Class A apartment portfolio marketed by ARA on behalf of a tenant-in-common seller.
Today's Deals: CBRE Secures $47.5M for N.J. Redevelopment
CBRE provides financing for a large adaptive reuse project in N.J.; Cushman & Wakefield brokers a $64.9 million sale; and Centerline arranges a $12.2 million Fannie Mae refinance loan.
New Developer Proves Successful with 100 Percent Occupancy
In 2009, almost none of the condo units had been sold at The Mark, a 244-unit building. However, The RADCO Companies took over as developer and in one year sold 79 units. And now, the condos in the building are completely sold.
Work Under Way on New Seattle Apartments
Holland Partner Group, in partnership with Mesirow Financial Institutional Real Estate, had broken ground on 717 Dexter Ave. N. in Seattle.
PROFILE: Lee and Associates
Lee and Associates is today busy finding deals for REITs, financial institutions and private owners.
Freddie Mac's 2011 K Deals Double Those of Last Year
Earlier this month, a new offering of structured pass-through securities, or “K certificates,” was announced by McLean, Va.-based Freddie Mac.
Today's Deals: Home Properties Buys Two Assets for $113M
Home Properties wraps up 2011 with over $500 million in acquisitions; NorthMarq arranges a $70 million Freddie Mac mortgage for a community in Michigan; and Iron Gate buys a $106.5 million portfolio in Atlanta.
HopeLift to Provide Housing to Those in Need
Employees of property management and development company Holland Partner Group are doing their part to help the homeless this year by donating their unused vacation time to HopeLift, a charity that helps people with housing.
Senior Housing Developer Returns Funds to City
In an unusual event in multifamily development, AMCAL Multi-Housing Inc. recently returned about $519,450 to the city of Rancho Palos Verdes, Calif., after the completion of its Mirandela Senior Housing project.