Regions
DEAL OF THE DAY: HFF brokers $70.1M Sale of Washington, D.C. Property to Home Properties
Fairfax, Va.–The Washington, D.C. office of HFF (Holliday Fenoglio Fowler L.P.) closed the sale of The Courts at Fair Oaks, a 364-unit, luxury multi-housing community in Fairfax, Va., known prior to the sale as The Point at Fairfax.
Barrington Group’s Tenant Incentive Program Proving Successful
Sarasota, Fla.–Incentives can go a long way, and, in the form of apartment property manager Barrington Group Inc.’s Resident Rewards program, motivation has spurred positive change for tenants and management alike.
Lenders Still Lending for Apartments, But at Much Lower Volume
Washington, D.C.–The Mortgage Bankers Association reports that aggregate lending for financing apartment properties nationwide shrank about 40 percent in 2009 compared with 2008.
Web Feature: Best Ways to Close Leases
New York–A signed lease is a thing to be treasured. For property managers and owners, it is the fruit of a laborious and long development and marketing process.
Doors of $18M Affordable Seniors Apartment Building Open in Suburban Los Angeles
Los Angeles–Ontario Senior Housing Partners L.P., an affiliate of The Related Cos. of California, just made a much-needed contribution to the affordable seniors housing market in Suburban Los Angeles with the grand opening of the City Center Senior Apartments.
DEAL OF THE DAY: ARA Brokers Sale by Lender of 1,398-Unit Portfolio in Denver
Denver–ARA brokered the sale of three-property, 1,398-unit multifamily portfolio in metro Denver. The buyer, Jackson Square Partners, a California-based apartment investment group, purchased the portfolio for $62,000,000.
One Major Chicago Condo Project Thrives, Another Still a Hole in the Ground
Chicago–The residential real estate contraction and then the onset of the Great Recession created some fierce headwinds for condo developers.
$238M Mixed-Use Residential Project Takes a Big Step Forward in Baltimore
Baltimore–A master plan conceived six years ago for a 100-acre site in southwest Baltimore is well on the way to becoming a reality now that ground has broken on the mixed-use residential project.
DEAL OF THE DAY: Arbor Closes $4.56M Fannie Mae 3Max Loan to Rent-Controlled Property
Bronx, N.Y.–Arbor Commercial Funding LLC recently funded a $4,560,000 loan under the Fannie Mae 3Max product line for the 60-unit complex known as 655 East 233rd Street Apartments in Bronx, NY.
MHN Interview with Lili Dunn: Finding Capital is Still Biggest Challenge
Dunn talks to MHN about her new role at Bell Partners and what she will be working on for the company.