Regions
TODAY’S DEALS: Waterton Residential Buys Class A Community in Florida
Waterton Residential buys a 384-unit Class A community; NorthMarq Capital helps property refinance with a $21 million mortgage; and Red Mortgage Capital provides a $13.4M construction loan.
TODAY’S DEALS: HFF Arranges Refinancing for Austin Asset
HFF arranges refinancing for a 184-unit community north of Austin; NorthMarq arranges $27.1 million in combined mortgages for four properties; and Charles Dunn completes a 50-unit sale in Santa Monica.
Increasing Revenue, Not Rents, With Utility Billing Systems
Setting up a utility billing system can lower costs for property managers without raising rents for residents.
Denver’s Highland Bridge Lofts a First for Developer
When ground was broken for the Highland Bridge Lofts project in Denver in early November, it marked the official start of the first development in the Denver area for Vancouver, Wash.-based developer Holland Partners Group.
Shippensburg University Kicks Off Student Housing Development
Shippensburg University Student Services Inc. and Philadelphia-based Campus Apartments have broken ground on the first phase of development to upgrade the university’s stock of on-campus residences.
TODAY’S DEALS: Prudential Closes $80.5M Loan to Bonaventure Realty
Prudential Mortgage Capital Company closes an $80.5 million loan; Marcus & Millichap sells 26 units in California; and Alliant Capital completes a $1.45 million refinance of an eight-unit building.
Model Home Proves Successful for Brooklyn Building
Developers hope a model home with a “lived-in look” will appeal to renters at Arias Park Slope.
TODAY’S DEALS: Colonial Properties Trust Acquires 312-Unit Asset
Colonial Properties Trust completes a 312-unit acquisition in Dallas; Stoneleigh buys a 228-unit community outside San Antonio; and GFI Realty Services brokers the sale of a154-unit asset in Brooklyn, N.Y.
Work Starts on Monroe Street Market in D.C.
Ground has been broken for the multi-phase, multi-use Monroe Street Market in Washington, D.C., which will include 720 multifamily residential units and 45 townhomes along with a number of commercial property uses.
Buyers Excited for Chelsea’s New Luxury Condos
Chelsea, New York, is getting a little more luxurious–and New Yorkers are chomping at the bit. Carriage House Condominium, a new residential conversion (and former stable), has already sold eight of the property’s 24 units in four months on the market.