Regions
Behringer Harvard Buys Three Apartment Properties in Three Days
Dallas–Acting through Behringer Harvard Multifamily REIT I Inc., Behringer Harvard went on a shopping spree this week, snapping up not one, not two, but three luxury apartment properties in three separate transactions.
DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.
Integra Survey: Multifamily Valuations Have Stabilized; Will Go Up
New York–Commercial real estate has been looking for that elusive turnaround ever since the Panic of 2008.
MARKET SNAPSHOT: Madison, Wis. Looks to See How Shadow Market Affects Rentals
Madison, Wis.–The Madison, Wis. apartment has hit the bottom.
Fundamentals of Multifamily Look Promising: CoStar Webinar
Chicago–Vacancies fell in the largest markets 30 basis points in the first six months of 2010.
Pending Home Sales Begin Anticipated Decline
Washington, D.C.–The National Association of Realtors (NAR) had predicted months ago that the surge in home sales in the U.S. would not make it through the summer, and so it has not.
DEAL OF THE DAY: Walker & Dunlop Closes $35.7M Refi Loan
Santa Clara, Calif.–Walker & Dunlop provided a $35,700,000 long-term loan for Bella Vista Apartments.
MHN Interview with Todd Trehubenko: With NYC Office, Recap Makes Strong Commitment to Largest Rental Market
Boston–Recap CEO Todd Trehubenko talks to MHN about Recap’s decision to have a New York office and the kind of deals taking place in the market here right now.
DEAL OF THE DAY: Bernard Financial Obtains $3.75M for Apartments Via Life Company
Bernard Financial Group has arranged a $3,750,000 loan for the Andover Park Apartments. This 215 unit garden style apartment property is located in Greenville, S. C. The borrowing entity is Andover Park Apartments LP. The loan was originated by Dennis Bernard and Kevin Kovachevich.
Glass House Secures LEED Certification, Furthers Developer’s Green Program
Dallas–The Glass House has just been awarded LEED certification from the USGBC.