Regions
TODAY'S DEALS: EdR to Develop Off-Campus Housing in Downtown Phoenix
EdR begins a joint venture development in Phoenix; Holliday Fenoglio Fowler transacts and arranges financing for a Houston asset; and Meridian Capital negotiates New York City financing with interest rates in the 3 percent range.
Penthouse Condos Selling Quickly at 40 Park
Two penthouses have recently been sold at 40 Park, a luxury condominium community managed by Roseland Property Company in Morristown, N.J.
MARKET SNAPSHOT: As Auto Industry Bounces Back, Detroit Sees Sharp Increase in Multifamily Rentals
Vacancy is set to decline in Detroit Rock City as the United Auto Workers recently struck a deal with the Big Three that will create 14,000 new jobs through 2014.
MNS Sees Positives in Brooklyn Rental Report
Residential brokerage, sales and marketing firm MNS released its January 2012 Brooklyn Rental Report, and although there was a slight decrease in rental rates for the beginning of the year, all signs point to a positive year ahead.
How Students Look for Apartments
Catalyst’s most recent survey shows what students use to look for apartments.
TODAY'S DEALS: Lee & Associates Sells a 358-Unit Asset in Long Beach
Lee & Associates transacts the sale of a 358-unit community in California; Beech Street Capital finances a $9.5 million loan for a Miami acquisition; and NorthMarq Capital arranges a $20.1 million mortgage/bridge loan for a seniors housing portfolio.
Argo Expands Manhattan Co-op Management Portfolio
Argo Real Estate, a specialist in New York-area real estate, has been selected as property manager for three residential co-op properties in Manhattan.
EdR Announces Joint Venture at University of Mississippi
A new $36 million off-campus student housing community to open in fall 2013 near the University of Mississippi will be developed, owned and managed through a joint venture between EdR and Landmark Properties.
TODAY'S DEALS: AREA Property Partners Acquires 1,180 Units in Virginia
AREA Property Partners buys a large asset in Alexandria, Va.; Chestnut Hill Realty completes an addition on a Massachusetts re-positioning; and Mortgage Equicap arranges a $17 million construction loan.
Wood Partners Announces Construction of Luxury Apartments in Houston
Wood Partners recently announced that it would begin construction of a $32.4 million luxury apartment community in Houston.