Regions
DEAL OF THE DAY: Wood Partners and Area Property Acquires Condo Construction in Miami
Miami–Wood Partners and AREA Property Partners have closed on the acquisition of Terrazas River Park Village, a 324-unit Class A property along the Miami River.
Multifamily Starts Up From Last Year, But Still Sluggish
Washington, D.C.–Housing starts edged upward unexpectedly in September.
Post Makes First Move Outside of Texas with 403-Unit Apartment Purchase in Louisiana
Los Angeles–Post Investment Group Inc. has just made its first multifamily investment beyond the borders of the Lone Star State with the acquisition of Quail Creek Apartments, a 403-unit residential community in Shreveport, La.
DEAL OF THE DAY: Berkadia Originates $7.5M Refi for Mixed-Use Property on Behalf of ING Financial
Santa Cruz, Calif.–Berkadia Commercial Mortgage originated $7,500,000 in permanent, fixed-rate debt for the refinance of 1200 Pacific Avenue, a mixed-use property in Santa Cruz, Calif.
Condos Lead NYC Residential Rebound
New York–New York’s residential sales market, led by condos and cooperative apartments, continued its rebound during the third quarter of 2010.
Property Managers Use PooPrints to Get Pet Owners to Clean Up after Their Dogs
Knoxville, Tenn.–PooPrints is a dog DNA identification program from BioPet Vet Lab built on a solid scientific foundation.
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.