Regions
TODAY’S DEALS: Colliers Negotiates Sale of 224-Unit Community in Phoenix
Colliers negotiates the sale of a Phoenix community for $8.3 million; Capital Senior Living completes two mortgage financings totaling $23.8 million; and Marcus & Millichap brokers the sale of a 214-unit community in Connecticut.
MARKET SNAPSHOT: Large Number of Institutional Deals Hit Seattle Market
Seattle–The Seattle market has weathered the recessionary storm well, according to Kenny Dudunakis, senior partner in Hendricks & Partners’ Seattle office.
David Brickman Takes Over as Head of Multifamily at Freddie Mac
David Brickman was named senior vice president, multifamily, at Freddie Mac in June, succeeding Michael May.
Editor’s Note: The Industry Steps Out to Celebrate the MHN Award Winners
Editor-in-Chief Diana Mosher discusses the winners of the 2011 MHN Excellence Awards.
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.