Regions
Archstone Breaks Ground on TOD Apartments in Suburban D.C.
Gaithersburg, Md.–Archstone has broken ground on a 389-unit apartment complex plus retail space in a a D.C. suburb.
TODAY’S DEALS: NAI Tampa Bay Brokers Sale of Oasis Grand Tower
NAI Tampa brokers sale of Oasis Grand tower to Lofton Islands Holdings; The Donaldson Group closes on acquisition and renovation refinancing for a 459-unit community; and Marcus & Millichap brokers sale of mnufactured housing community for seniors.
San Bernardino Apartments to Be Reborn as Affordable Seniors Housing
San Bernardino, Calif.–Meta Housing Corp. has closed escrow on the 119-unit Sunset Cove Apartments, with plans to relocate the current tenants, rehab the property and convert it to affordable housing for seniors.
Financing Comes Together for Suburban Milwaukee Luxury Apartment Redevelopment
Wauwatosa, Wis.–HSI Properties teams with the Federal Housing Administration and AG Architecture to bring sought-after high-end apartments to suburban Milwaukee with The Enclave.
TODAY’S DEALS: CB Richard Ellis Brokers Sale of $112.5M Apartment Community
CB Richard Ellis sells 415-unit New Brunswick, N.J. apartment complex; Essex Realty Group brokers sale of $4.4 million vintage Chicago apartment; and Helios Capital completes non-performing loan transaction.
Recovering Economy Will Improve Already Robust Multifamily
The economic recovery might be slower than everyone wants, but it will help what is already a thriving multifamily market.
TODAY’S DEALS: Colliers Completes Sale of 82-Unit Calif. Multifamily Property
Colliers completes the sale of an 82-unit California multifamily complex for $11.6 million; AREA Property Partners acquires two Tampa properties for $78 million; and Johnson Capital secures financing with lower rates and longer amortization periods.
Economy Watch: Financial Crisis Panel Offers Split Conclusion
Financial Crisis Inquiry Commission releases its report, shedding little light on what caused the economic meltdown of 2008. Pending home sales and economic activity indicate that we’re on our way back from dark times.
BCN Plans Condos for Brooklyn Law School Property
New York–BCN Development has inked a deal with Brooklyn Law School to acquire the school’s former residence hall and convert the Beaux-Arts style building into 24 two-bedroom condominiums.
TODAY’S DEALS: Huntington Bank on Track to Meet $100M Affordable Housing Goal
Huntington Banks surpasses halfway point in $100 million commitment to Ohio affordable housing; Largo Group arranges a $27 million first mortgage for N.Y. apartments; and NorthMarq closes $16.75 million first mortgage financing on Calif. apartments.