Regions
Manhattan Condo Building Re-Launches
A Manhattan condo building, 650 Fifth Avenue, has been relaunched as The Cammeyer
DEAL OF THE DAY: Southern Calif. Apartment Property Changes Hands for $254,033/Unit
Marcus & Millichap Real Estate Investment Services brokered the sale of The Madison, a 90-unit, 118,874-square foot luxury apartment building in Rancho Palos Verdes. The sales price of $22,863,000 represents $254,033 per unit and $211 per square foot.
CWCapital Hires Allan Edelson
CWCapital is expanding its national multifamily lending platform through the hiring of Allan Edelson, senior vice president, and the establishment of a new lending office in Chicago.
Report Finds 17% of Birmingham Apartment Assets Are Distressed
As many as 9,000 units, or about 17 percent of Birmingham’s stock is considered distressed, according to a recent report issued on the Birmingham, Ala. apartment market.
Investment Group Acquires MF Financing Co. Red Capital Group
An investment group led by Dallas-based ORIX USA Corp. and including Stonehenge Partners of Columbus, Ohio
New Company Offers New Approach to Construction Photography
Scott Yahraus and Andrew Weissman, two southern California real estate veterans, have started a company to offer developers and construction companies a more methodical way to document the construction process
DEAL OF THE DAY: ARA Brokers Sale of Uncompleted Apartment Property
Apartment Realty Advisors (ARA) recently arranged the sale of The Bridgemoor at Killeen, a 180-unit apartment community in Killeen, Texas.
PNC Financial Services Was Top Loan Originator of MF Debt Financing in 2009
PNC Financial Services Group Inc., Deutsche Bank Berkshire Mortgage and Prudential Multifamily Mortgage
Nonprofits Acquire Transit-Oriented Affordable Apartments in Denver
Enterprise Community Partners Inc. and the Urban Land Conservancy (ULC), a Denver-based nonprofit real estate organization, have made their first property acquisition
Yardi Acquires DIY Real Estate Solutions
Yardi Systems recently acquired residential property management software provider DIY Real Estate Solutions