Regions
TODAY’S DEALS: Lee & Associates Moves 15-Unit Apartment Building for $2.5M
Lee & Associates sells a 15-unit apartment building for $2.5 million; Waterton Residential purchases 509 condo units at Lansbrook Village in Palm Harbor, Fla.; and Tikijian Associates handles the sale of a 88-unit property in Mooresville, Ind.
MARKET SNAPSHOT: Despite Record Deliveries, Salt Lake County Holds Its Own on Vacancy
Salt Lake City–Last year saw more units delivered to Salt Lake County than the market has seen in the past 20 years.
Evans Testifies on Behalf of NMHC, NAA before House Financial Services Committee
Washington, D.C.– Peter Evans, a partner at Moran and Company, testified on Capitol Hill on behalf of NMHC and NAA, urging the FHA to make changes that would expedite the multifamily mortgage application process.
TODAY’S DEALS: C&W Sells 217-Unit Property in Hoboken
Cushman & Wakefield handles the sale of a 217-unit Class A property in Hoboken, N.J.; Marcus & Millichap arranges a $9.3 million refinance for a multifamily asset in Anaheim; and NorthMarq Capital arranges a $10.5 million Freddie Mac acquisition loan.
NAR Predicts Better Times Yet for Multifamily
Chicago–The National Association of Realtors is predicting better times ahead for commercial real estate, including the apartment rental market, which has already experienced a strong recovery from the recession.
Tornados Continue to Tear Apart the Midwest
Violent tornados ripped up parts of the central United States last night, killing at least 15 people in Oklahoma, Arkansas and Kansas.
WEB FEATURE: Global Market Report – South America
In the third and final piece of MHN’s global market report, a look at South America shows that potential for large-scale apartment communities exists in the region’s big cities.
Phillips Development & Realty and Picerne Real Estate Group Join Forces
Tampa, Fla.-based Phillips Development & Realty and Warwick, R.I.-based Picerne Real Estate Group have launched a joint venture under the name Phillips-Picerne Properties, LLC.
Zero Net Energy Development Near Completion at UC Davis
Davis, Calif.–The University of California-Davis is near completion of the first phase of a mixed-use project it is calling the “largest planned zero net energy community” in the United States.
WEB FEATURE: Global Market Report – Europe
Part two of MHN’s global market report focuses on Europe, a market that is surprisingly untapped and undeveloped compared to the U.S. model.