Regions
DEAL OF THE DAY: Sperry Van Ness Brokers Sale of Two Apartment Properties for $3.055M
Jefferson, Wis.–Sperry Van Ness represented the seller in the sale of two apartment properties here for $3,055,000.
Affordable Seniors Housing Breaks Ground in Silicon Valley
Morgan Hill, Calif.–Ground will be broken this week for Horizons at Morgan Hill, a 49-unit affordable seniors housing property in the city of Morgan Hill in Santa Clara County in northern California.
Rehabilitated Nazareth Towers Presented to Low-Income Seniors in Ohio
Columbus, Ohio–With a ribbon-cutting ceremony, Nazareth Towers, a 208-unit affordable housing property in Columbus, Ohio, officially emerges from a massive makeover, providing its tenant roster of seniors with a modernized residential community.
DEAL OF THE DAY: Behringer Harvard Acquires Town Center-Style Property Built in 2008
Atlanta– Behringer Harvard acquired The Reserve at Lavista Walk, a luxury multifamily community comprising 283 apartment homes located immediately south of the exclusive Buckhead district near major employment centers in Midtown and Downtown Atlanta.
Meet the 2010 Excellence Award Winners
The MHN Excellence Awards recognize the multifamily industry’s most noteworthy people, companies and properties.
Partnership Formed to Own 275 MF Properties
Gardena, Calif.–Real estate veteran Michael A. Costa, along with El Segundo, Calif.-based Highridge Partners and the financial giant Citibank, have formed a joint venture to own and manage a sizable portfolio of multifamily properites.
DEAL OF THE DAY: KeyBank Provides $39.4M Refi for Construction Loan
Marina del Rey, Calif.–KeyBank Real Estate Capital recently provided $39.4 million in Fannie Mae funding to Golden West Properties.
Newark Residential Redevelopment Plan Bearing Fruit
Newark, N.J.–Developers in Newark, N.J., are on the verge of completing the first redeveloped residential properties in a larger plan to rehabilitate part of Newark’s West Ward.
Investor Buys New Jersey Apartments for $24M, Plans Redevelopment
New York–Phoenix Realty Group (PRG) has bought 548 distressed rental units for $24.2 million in East Orange, N.J.
Property Tours: Dixon Mills
Kristin Hurd, director of sales at The Residences at Dixon Mills, takes MHN on a tour of the property located at 158 Wayne Street in Jersey City, New Jersey.