Regions
The Role of Affordable Housing in Stimulating the Economy
A study by the Center for Housing Policy shows that affordable housing can create jobs, stimulate the economy and give back to the tax base.
Manhattan Apartment Tower Is Already Turning Heads
New York–Less than a week after the commencement of leasing, The Continental is creating quite a stir in Manhattan’s Sixth Avenue Corridor.
TODAY’S DEALS: Ironshore Capital Purchases Florida Waterfront Condominium
Ironshore Capital purchases a Florida waterfront condominium; HFF completes $240M in Washiginton, D.C. sales; and NorthMarq arranges $24M for 282-unit Maryland property.
200 Squared Debuts as Green Architectural Gem in Chicago’s Loop
Chicago–200 Squared, a 42-story apartment property, was developed to be one of the greenest residential high-rises in the Loop.
TODAY’S DEALS: IPA Brokers Sale of Florida Properties for $63.6M
IPA brokers the sale of two multifamily assets totalling $63.6M; KeyBank provides $71.9M in refinancing to four Texas properties; and Cortland acquires condos through “friendly” foreclosure.
SPECIAL REPORT: NMHC Annual Meeting Draws Upbeat Crowd
Palm Springs, Calif.–Despite slow job creation, panelists at the NHMC Apartment Strategies Conference remain positive about the outlook for the apartment sector.
Apartments to See Healthy Rent Growth in 2011
Carrollton, Texas–Rent growth for U.S. apartment properties was good in 2010, but it will be even better in 2011, according to projections by MPF Research.
TODAY’S DEALS: NorthMarq Capital Advances $17.9M Refi Loan on Behalf of Life Insurance Company
NorthMarq Capital arranges first mortgage financing; a site next to the 10th fairway of the Hamlet Wind Watch Golf Club has been listed for $12 million; and Berkadia Commercial Mortgage originates $6.3M refinancing.
St. Anton Secures Funds for $57M Suburban SF Mixed-Income Project
San Ramon, Calif.–St. Anton Partners has managed to obtain a $48.6 million loan with relative ease for Highlands Point Apartments, its $57 million San Francisco Bay-area project.
The Sheffield and Saks Fifth Avenue Join Forces on Unique Residential Program
New York–A partnership between The Sheffield and Saks Fifth Avenue offers condo residents a one-on-one relationship with the world renowned store.