Regions
TODAY’S DEALS: CBRE Sells 231 Units in Providence Community
CBRE handles the transaction of 231 units in Providence, R.I.; Inland Fund purchases Illinois residential development; and Cassidy Turley BRE Commercial completes sale transaction at $50,000 per unit.
Berkadia Launches Investment Client Services Division
Horsham, Pa.–Berkadia has launched Berkadia Investment Client Services, a new line of business providing commercial real estate investment sales services nationwide.
HUD Experiences Cuts in FY11 Budget, Faces Uncertain FY12
Washington, D.C.–Now that the long-delayed fiscal 2011 federal budget has been settled by Congress, the impact on HUD can be quantified.
TODAY’S DEALS: ARA Brokers Two Sales in Dallas Market
ARA brokers two sales in Abilene, Texas; Preferred Apartment Communities acquires Oxford Summit near Atlanta; and NorthMarq arranges a $26.2 million Freddie Mac mortgage with extended rate lock.
Luxury Active-Adult Apartment Property Reels in Renters in Suburban Baltimore
Ellicott City, Md.–Seniors are already lining up at Wood Partners’ Alta at Regency Center, a new active-adult apartment property in Ellicott City that opened a month ago.
TODAY’S DEALS: Cushman & Wakefield Negotiates $100M Sale
Cushman & Wakefield negotiates the sale of a luxury L.A. apartment for $100 million; Tikijian sells a 226-unit property in Indiana; and Grand Heritage Resort in Colorado closes 31 condo sales.
Prometheus Clears Site for TOD Development
Mountain View, Calif.–Prometheus Real Estate Group Inc. has cleared a site in downtown Mountain View for a new 203-unit apartment complex.
Suburban D.C. Apartment Project Wins Senior and Mezz Financing
Merrifield, Va.–DSF Group has obtained financing for the second phase of Halstead Square, which will consist of 436 apartments in two mid-rise buildings.
TODAY’S DEALS: Cushman & Wakefield Closes Sale of New Hampshire Community
Cushman & Wakefiled closes the transaction of a 290-unit community in N.H.; Green Bear arranges $87 million in construction financing for a Chicago project; and Colliers arranges the bulk purchase of lender-owned condo units.
Economy Watch: Existing Home Sales See Uptick in March
Existing home sales were up unexpectedly; the Fed proposes new mortgage underwriting rules to make lending more stable and sane; and a couple of dysfunctional millionaires see their baseball team taken away.