Regions
Sycamore Buys Bank-Owned Fractured Condo Property
Sycamore Urban Properties has acquired Talus Point, a fractured condominium property, in Reno, Nev. According to public records, Sycamore paid $4.225 million for the property.
DLA Piper 2011 State of the Market Survey: Multifamily Rules
According to DLA Piper’s 2011 State of the Market survey, multifamily is the most attractive investment opportunity for real estate.
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
KAREA Acquires Three Student Housing Properties Near State Schools
Student housing is widely still considered “recession-resistant” as demand for such housing rises with enrollment, which (if anything) has been bolstered by the ravages of the economy.
Student Housing Income and Expense Survey Shows Northeast Spends Less On Operating Expenses
Washington, D.C.–The National Multi Housing Council’s National Student Housing Council (NSHC) recently released its “Off-Campus Student Housing: 2011 Income and Expense Benchmarking Survey.”
Fort Carson Excels in Military Housing
Fort Carson was recently awarded the 2011 Multifamily Executive Merit Award for Military Project of the Year, an award that highlights innovation in architecture.
TODAY’S DEALS: IPA Secures Listing for Los Angeles High-Rise
IPA secures the listing contract for a 180-unit high-rise in L.A.; HFO Investment Real Estate and Colliers broker the sale of a three-community portfolio in Oregon; and Radco Co. invests in two Atlanta multifamily properties.
New Yonkers Condo Campaign Successfully Selling Excess
‘Long Live Excess’ proclaims the marketing campaign for Monarch at Ridge Hill, a new luxury condominium. In this economy, does indulgence still sell?
Motel Transformed into Affordable Housing for Formerly Homeless
Mercy Housing California announced the opening of its newest affordable housing community, Boulevard Court.
TODAY’S DEALS: American Realty Advisors Acquires 186-Unit Community
American Realty Advisors acquires a 186-unit community in Houston; Education Realty Trust starts the 2011 school year with 94.9 percent occupancy; and Marcus & Millichap arranges a $17 million bridge loan for the completion of an apartment property.