Regions
DEAL OF THE DAY: Mortgage Equicap Supplies $13M in Capital for Condo Conversion in New York City
New York–Mortgage Equicap has arranged a $13 million bridge loan and preferred equity investment.
Tower Cos. Develops ‘Ecopads’ for Green-Conscious Renters
Silver Spring, Md.–Will green features in apartment residences attract renters in a market with a fair amount of choice?
Brooklyn’s Pencil Factory Condo Announces Pre-Completion Pricing
New York–There hasn’t been much development of newbuild condominiums in Greenpoint.
After Loan Default and Foreclosure, The Sheffield is Back with New Sponsors
New York–The Sheffield is undergoing renovations in all its unsold units.
DEAL OF THE DAY: Chozick Realty Brokers Apartments for Record-Setting $79,487/Unit
Bristol, Conn.–Chozick Realty, Inc. has completed the sale of Brookside Apartments in Bristol, Conn.
ARA Opens Portland, Ore. Office, Expands Northwest Presence
Portland, Ore.–Atlanta-headquartered Apartment Realty Advisors (ARA) recently opened its Portland, Ore. office, under the leadership of Gail Neuburg, former co-owner and operator of Portland-based Tilbury, Ferguson & Neuburg, Inc. This is ARA’s 20th location and expands its existing Northwest presence—ARA’s Seattle, Wash. office opened in 2007. According to Neuburg, “The ARA platform will substantially enhance our service delivery to our clients by allowing us to immediately leverage off of the relationships, knowledge and infrastructure of this powerful team of brokers.” Neuburg and her team will continue to specialize in representing both institutional and private capital owners and investors in the…
HUD Puts Grant Money Behind New LEED Standard
Washington, D.C.–The goal of LEED-ND is to help reduce sprawl, decrease automobile dependence, encourage healthy living and protect threatened species.
Germany’s Passive House Standard Gains Momentum?
Dresden/Darmstadt, GERMANY–The Passive House standard was conceived in Germany.
DEAL OF THE DAY: HFF Arranges $18M Financing for Manufactured Housing Community
San Diego–HFF (Holliday Fenoglio Fowler LP) has arranged $18 million in financing for The Highlands.
Sheldon Good & Company to Auction Six New Jersey Apartment Buildings
New York–The assets are being sold as part of the Chapter 11 bankruptcy of select rental complexes.