Regions
Economy Watch: New Home Sales Edge Up Unexpectedly
Home sales increased in December; the Fed isn’t worried about inflation yet; and–news flash–the federal deficit is out of control.
Even Better Times Ahead for Apartment Market: Marcus & Millichap
Whether apartment owners decide to hold on to their properties or or take them to market, this is going to be a good year for them.
TODAY’S DEALS: CWCapital Provides $90M in Construction Financing
CWCapital provides $90 million in construction financing to a Maryland multifamily complex; Venture West Funding arranges $7.8 million for four California apartments; and Walker & Dunlop arranges 5 percent early-rate Lock loan.
Enterprise Provides $1.5M to Help Meet Affordable Housing Need
Los Angeles–Enterprise Community Partners Inc. has culled $1.5 million to aid sustainable low-income housing projects in an area where supply of affordable housing has been out of pace with demand.
Q&A with Behringer Harvard’s Jason Mattox
Behringer Harvard invested nearly $900 million in commercial real estate assets in 2010–nearly double its 2009 number. Chief Administrative Officer Jason Mattox talks about the company’s strategy.
New Apartments Planned for Former Retail Site in Glendale
Glendale, Calif.–American Post Development has formed a joint venture with a BlackRock-managed fund to develop the 208-unit Broadway Lofts in Glendale’s entertainment district.
TODAY’S DEALS: Johnson Capital Arranges $19M in Multifamily Loans
Johnson Capital arranges $19 million in two multifamily loans; Berkadia originates $42.36 million for an apartment high-rise; and Mortgage Equicap closes fiancning for two Queens, N.Y. apartment buildings.
TODAY’S DEALS: Hendricks & Partners Sells 112-unit Calif. Community
Hendricks & Partners sells a 112-unit Calif. community for $20M; Mortgage Equicap arranges high cash-out for client; and Marcus & Millichaps sells Texas Tech student housing property.
New Company Bridges Gaps in Temporary Corporate Housing Market
Nomad Temporary Housing launched this month, filling the void for those searching for temporary accommodations.
TODAY’S DEALS: Broad Street Advisors Arranges Financing for Dallas Project
Broad Street Advisors arranges financing for mixed-use Dallas project; AREA invests in a $100M apartment recapitailization; and NorthMarq Capital inks $31 million mortgage for Alabama student housing.