Regions
New Partnership Seeks Value-Add Apartments in Metro Seattle
Trinity Real Estate and Norman Partners have formed a partnership to buy multifamily properties and other kinds of commercial real estate in the Puget Sound region.
Today's Deals: MG Properties Acquires 163-unit Community
MG Properties completes a $28 million acquisition, has $200 million planned for 2012; AEW Capital buys a Portland asset for $55.3 million; and Meridian Capital negotiates financings totaling $29.9 million for properties in New York.
Boston Suburb the Site of Newest Legacy Park Apartment
The Federated Cos. announced earlier this week that it has purchased a 12-acre site in Wilmington, and plans to construct an MGL Chapter 40-B mixed-income rental community featuring a total of 108 units, to begin pre-leasing in early 2013.
More Good Times Ahead for Multifamily in 2012
According to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, additional growth is on tap for the U.S. multifamily sector this year, after a successful showing in 2011.
MARKET SNAPSHOT: 2012 Predictions Indicate that Class B Product Will Play Bigger Role
The multi-housing sector continues to be in the best shape of all real estate, affirmed panelists at a webinar, hosted by Humphreys & Partners Architects LP, yesterday.
IRS Issues "Repair Regulations," Multifamily Industry Now Has to Figure Them Out
There are new federal regulations regarding the tax treatment of costs incurred in acquiring, maintaining and improving tangible property, including multifamily buildings. The Internal Revenue Service issued temporary and proposed ruleson the matter just before Christmas–and now it’s up to members of the multifamily industry to figure out how they will affect their businesses.
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
TODAY'S DEALS: EdR Acquires Student Asset for $28.5M
EdR acquires a property serving St. Louis University; Continental Realty Advisors purchases a 1,200-unit portfolio; and NorthMarq arranges a $19.1 million Freddie Mac mortgage.
Rosen Partners, Russian Conglomerate Join Forces on Joint Venture
New York-based Rosen Partners LLC is entering a joint venture with Alfa Group, one of Russia’s largest privately owned financial-industrial investment conglomerates.
Today's Deals: Colony Hills Capital Acquires First Asset
Colony Hills Capital acquires its first property; Campus Crest closes four construction loans; and Alliant Capital supplies a $11.8 million loan.