Regions
MHN Interview: Bud Malone, CEO of Mortgages USA
MHN interviews Bud Malone, CEO of Mortgages USA, who describes the current outlook for multifamily and explains why he considers rentals ‘a great wake up from the American Dream.’
AvalonBay Begins Work on Back Bay Apartments
AvalonBay Communities has broken ground on Avalon Exeter in Boston’s Back Bay neighborhood, with 52 units slated to be affordable housing.
TODAY’S DEALS: ARA Awarded 708-Unit, Class A Marketing Task
Oklahoma City, Okla.—Atlanta-headquartered ARA has been awarded the exclusive listing for the marketing of The Lincoln at Central Park, a 708-unit, Class A community located in Oklahoma City, Okla. Principal Brian O’Boyle and associate Bart Wickard will be leading marketing efforts on the 2007 and 2010-built property. “This is an excellent investment opportunity—a Class ‘A+’ community in a super metro location,” says O’Boyle. “Offering the most coveted amenities, The Lincoln at Central Park enjoys a great location with easy access to all of Oklahoma City’s major employers.” The community is located in northeastern Oklahoma City near both Interstates 44 and…
Luxury Condominium Boasts ‘You’ll Never Lose Your View’
The View, a 19-story luxury building with nine penthouse duplexes on the 18th and 19th floors, offers ‘protected’ views.
TODAY’S DEALS: Essex Buys Two Seattle Area Communities
Essex Property Trust acquires two properties in the Seattle area for $165.1 million; Behringer Harvard buys a 132-unit luxury community in Concord, Calif.; and NorthMarq arranges a $32 million mortgage through New York Life Insurance Co. for a portfolio of apartments in Miami, Fla.
The Story House Luxury Condos Hopes Residents Live Happily Ever After
Bibliophiles rejoice: The former Frederick Warne and Company building, a British book publishing house that produced The Tale of Peter Rabbit, has been renovated into The Story House, which features luxury condominiums.
Residential Project at Chicago’s $4B Lakeshore East Development Creates 250 Jobs
Lakeshore East, Magellan Development Group’s $4 billion mixed-use project presently sprouting up in Chicago, is playing a key role in the revival of the city’s jobs market.
Alliance Begins Work on Seattle Apartments
Alliance Residential Co. has broken ground on Broadstone Koi, a 166-unit, LEED-certified residential project in Seattle’s Ballard neighborhood. The project is slated for completion during the first quarter of 2013.
TODAY’S DEALS: Greystar Sells 388-Unit Community in Houston
Greystar sells a 388-unit community in Houston; Marcus & Millichap brokers the sale of a 216-unit community for $8.1 million; and Bernard Financial Group finances a $4 million loan with Ladder Capital Finance.
New Luxury Minneapolis Apartment Lures Young Professionals
The Nicollet Building, a 33-story high-rise in Minneapolis, will offer amenities aimed at pleasing young professionals.