Regions
TODAY’S DEALS: HFF Secures $53M in Financing for Mixed-Use D.C. Apartment
Holiday Fenoglio Fowler has secured $53 million in financing for a 231-unit mixed-use project in Washington, D.C.; A Woods Partners development was completed in Massachusetts; and NCB deploys capital to support low- and moderate-income communities.
Economy Watch: Retailers See Strong Sales in January
Winter woes did not stop consumers from spending in January; Bernanke reports good news for economic recovery, with one caveat; and ISM’s Non-Manufacturing Index shows some industries on the uptick as well.
Plans Revealed for First Phase of Residential Village at Sanctuary Belize
Stann Creek District, Belize– EcoFuture has revealed the $25 million Phase I Master Plan for the Marina Village, the focal point of Sanctuary Belize.
MARKET SNAPSHOT: Institutional and Private Buyers Eye Austin Apartments for Investment Opportunities
Austin, Texas–Austin is poised for an extremely strong economic recovery, according to ARA’s Year-End 2010 Austin market report.
ICP Financial Goes Hunting for Distressed Properties
Boulder, Colo.–Investment specialist ICP Financial has inked a $4.8 billion deal with an unnamed but large European bank to buy distressed properties and mortgage portfolios directly from American banks.
TODAY’S DEALS: Senior Living Investment Brokerage Closes Two Sales Totaling $24.5M
Senior Living Investment Brokerage completes two sales; Prometheus obtains new fee-management account; and Raymond James provides tax credit equity.
Prism Capital Gets Green Light for Adaptive Reuse Project
Bloomfield, N.J.–The site plan has been approved for the first phase of Prism Capital Partners’ multifamily adaptive reuse project that will occupy more than 20 acres in Bloomfield.
TODAY’S DEALS: Forest City Sells Interest in L.A. Apartment Property
Forest City Enterprises Inc. sells 50 percent interest in 264-unit apartment property; Charles Dunn Company closes the sale of a 26-unit apartment complex for $2.8 million; and Hendricks & Partners brokers the sale of an affordable seniors apartment property.
Donatelli Has Funding to Proceed with TOD Apartments in D.C.
Washington, D.C.–Donatelli Development has obtained equity financing for the next phase of its Highland Park development, a 144-unit apartment building.
$1B Sonoma Mountain Village Garners LEED-ND Certification
Rohnert Park, Calif.–Sonoma Mountain Village, a $1 billion mixed-use green community near San Francisco, will ultimately feature 951 apartments and condominiums and a bevy of commercial offerings.