Regions
Healthcare Reform and Its Impact on Seniors Housing
Encino, Calif.–The impact will be somewhat neutral.
Lyon Communities Debuts 291-Unit SoCal Luxury Apartment Property
Newport Beach, Calif.–The company conducted extensive research to assess just what local residences desire
Fortress Funds to Purchase CW Financial Services
New York–Affiliates of certain Fortress managed funds have agreed to acquire CW Financial Services (CWCapital). Fortress has agreed to acquire CWCapital from majority shareholder Otéra US Holding Inc. Terms of the transaction were not disclosed but the CW Capital franchise includes a $183.6 billion servicing, special servicing and investment management portfolio. Closing of the transaction is expected during the third quarter subject to regulatory approvals and closing conditions. Beekman Advisors, Inc. served as advisor to CWCapital. Founded in 1972, CWCapital manages, invests in, originates, and advises on commercial and multifamily real estate debt products.
Gift Cards Popular as Apartment Leasing Incentives
New York–Recession, more renters have been demanding them and more landlords have been obliging, even if they don’t always advertise the fact.
DEAL OF THE DAY: HFF Brokers Purchase and Financing of REO Class A Community Sold by Bank
League City, Texas–HFF (Holliday Fenoglio Fowler LP) has closed on the sale of Broadstone Walker Commons, and arranged the financing for the property.
Waterfront Condos in Philly Go on Market at 40% Discount
Philadelphia–It’s a buyers’ market right now and these condos are selling for a huge discount.
Camp Lejeune MF Units Fit With Massive Solar Thermal System
Camp Lejeune, N.C.–Solar thermal technology is the most cost-effective solar energy technology.
USGBC Partners with Bank of America on New Green Neighborhoods Grant Program
Washington, D.C.–A committee consisting of industry leaders will select 10 to 12 projects from the group of program applicants.
Waterfront Condos in Philly Go on Market at 40% Discount
Philadelphia–It’s a buyers’ market right now and these condos are selling for a huge discount.
DEAL OF THE DAY: Beech Street Capital Supplies $7.5M Refi Loan for Miami Property
Miami–Beech Street Capital LLC provided a $7.5 million Fannie Mae DUS Loan for the refinance of a Palm Place Apartments located in Miami.