Regions
INVESTMENTS: Jones Lang LaSalle Offers Class A West Houston Apt. Property for Sale
Houston–Jones Lang LaSalle says its capital markets experts have been retained by Investment Realty Holdings LLC
DEAL OF THE DAY: Tribeca Loft Building Sells for $13M after Only 2.5 Months on the Market
New York–The late-19th century, seven-story loft building at 481-487 Washington Street in Manhattan’s trendy TriBeCa neighborhood has just traded for benchmark pricing, fetching $13 million ($281 per square foot).
Texas Apartment Markets Rebounding
Three recent reports on major metro area apartment markets in Texas by real estate investment specialist Marcus & Millichap point to better times for apartments because of a relatively buoyant Texas economy.
DEAL OF THE DAY: USAA Buys New, 100% Leased, Apartment Property from Wood Partners
Orlando, Fla.– USAA Real Estate Company announces the purchase of Patterson Court, a Class-A multifamily community located in Little Lake Bryan, a master development in Orlando, Fla. The property was purchased from Atlanta-based Wood Partners.
RealPage, Inc. Announces Public Offering of Its Common Stock
RealPage, Inc. has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the…
PropertyShark’s Top-Selling NYC Multi-Housing Buildings of 2010
New York–PropertyShark has identified the apartment buildings with the most units sold during the first three quarters of 2010.
DEAL OF THE DAY: RED Provides $36M in Fannie Mae DUS Financing for Randall Realty’s West Coast Properties
Columbus, Ohio–Red Mortgage Capital, LLC, one of the nation’s top Fannie Mae DUS lenders and the mortgage banking arm of comprehensive capital provider, Red Capital Group, structured Fannie Mae DUS multifamily financings for The Randall Group.
$200M Joint Venture Recaps Six-Property Seniors Portfolio
Harrison Street Real Estate Capital has joined forces with Morningside House Senior Living on a $200 million joint venture.
SPECIAL REPORT: Real Estate Companies See Businesses Strengthening Despite High Unemployment Levels, Cite ‘Unprecedented’ Availability of Capital
New York– Commercial real estate executives expressed growing optimism about their businesses although U.S. employment growth is expected to remain weak through 2011.
Santee Court Deal Shows Investor Interest in Adaptive Reuse Multifamily
Los Angeles–Santee Court, a 165-unit adaptive reuse multifamily property in three closely related downtown Los Angeles buildings, has traded hands for $31.1 million.