Regions
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.
TODAY’S DEALS: Berkadia Originates $23.7M for Wash. Property
Berkadia Commercial Mortgage originates $23.7M for Wash. property; AREA Property Partners invests $100M in the recapitalization of Maryland apartments; and Dizengoff-Trading Company purchases 65 condo units in Palm Beach.
Room with a View: Waterfront at Pu’uloa in Honolulu
Honolulu, Hawaii–The Waterfront at Pu’uloa, 30 miles west of Honolulu in Ewa Beach, continues to be a desired location for both military and civilian families.
SPECIAL REPORT: Apartment Construction Is Inadequate to Meet Growing Demand
Orlando, Fla.–Speakers at the NAHB Builders’ Show agree that the supply of apartments is falling seriously short of what is required to meet the increasing demand generated by renters in a slowly recovering economy.
Economy Watch: Foreclosures at Record Levels in 2010
2010 saw a record number of foreclosures; Neil Barofsky warns of the possibility of future bailouts; and many Americans are still desperate for work.
TODAY’S DEALS: Hendricks & Partners Sells 740-Bed Student Housing Community
Hendricks & Partners sells a student housing community near University of Kentucky; Marcus & Millichap brokers sale of Houston multifamily property; and ARA completes sale of Denver apartment.
JV Acquires SoCal Student Housing for $43M
Riverside, Calif.–Among other perks, the Palms on University boasts a fitness center, computer lab, game room, tanning salon, pool and spa, and outdoor basketball and volleyball courts.