Regions
TODAY’S DEALS: Bascom, Carlyle Acquire 840-Unit Portfolio for $31.7M
Bascom and Carlyle pick up an 840-unit portfolio for $31.7 million in Denver; Trion Properties acquires a distressed 20-unit property in Los Angeles; and HFF arranges a $4.48 million Fannie Mae acquisition loan for a value-add project.
Solar Power System Completed at San Diego Affordable Housing Property
San Diego–Community HousingWorks and HelioPower have completed a Multifamily Affordable Solar Housing project at Las Serenas, an affordable housing property in San Diego.
TODAY’S DEALS: HomeStreet Arranges $35M for Seattle Mixed-Use Project
HomeStreet Capital arranges $35 million for a mixed-used building in Seattle; Beech Street Capital provides a $10.4 million loan for a 274-unit community in Baltimore; and Eastern Consolidated oversees a $17 million sale of bank-owned properties.
Multifamily Construction, Vacancies Both Inch Upward
NAHB’s Mulitfamily Production Index finds that construction of multifamily low-rent units, market-rate-rent units and for-sale units all inched up in the first quarter, as did vacancies.
TODAY’S DEALS: Partnership Picks Up Mixed-Use TOD in Chicago
Canyon-Johnson Urban Funds and McCaffery Interest acquire a mixed-use TOD; Cassidy Turley sells a community in Phoenix for $5.3 million; and Phillips Development sells an apartment asset to its equity partner for more than $34 million.
NAHB: Homebuilder Confidence Declines
Washington, D.C.–Homebuilder confidence in June reached its lowest point since September 2010, according to the NAHB/Wells Fargo Housing Market Index.
Work Begins on Conversion of Randolph Tower to Apartments
Chicago–When restoration is complete, Village Green’s Randolph Tower City Apartments will be a mixed-use, 45-story historic high-rise including 313 rental units.
National Student Housing Council Sees Surge in Freshman College Applications
Washington, D.C.–A report from the National Student Housing Council finds that, despite the recession, colleges are receiving more applications than they were a couple years ago.
TODAY’S DEALS: MAA Acquires 256-Unit Community in Savannah
MAA acquires a 256-unit community in Savannah, Ga.; Cushman & Wakefield sells a development site approved for 116 units in a Boston suburb; and NAI Hanson markets a New Jersey multifamily development site.
TODAY’S DEALS: D.C.-Area Community Sells for $93 Million
AION Partners and The Carlyle Group acquire a 570-unit community for $93 million; a private investment group buys a San Francisco portfolio for $44 million; and Hendricks & Partners participates in the sale of a 39-unit property.