Regions
DEAL OF THE DAY: NorthMarq Completes $38M in Co-op, Perm & Acquisition Financing
NorthMarq Capital arranged an $8,900,000 permanent loan
Jones Lang LaSalle Appoints Three New Execs to Lead Americas Real Estate Investment Banking Platform
Jones Lang LaSalle has hired Thomas O. Fish, Michael J. Melody and Thomas J. Melody to lead its Americas Real Estate Investment Banking (REIB) business
St. Regis Bal Harbour Resort Completes Vertical Construction Phase
Starwood Hotels & Resorts Worldwide has completed vertical construction
Autumn Woods is Now College Edge, Upgrades Coming Up
The apartment community previously known as Autumn Woods
Multifamily Mortgages Relatively Strong: MBA
The Mortgage Bankers Association has published a study (a “Data Note,” the organization calls it) of the relative strength of loans held by U.S. banks and thrifts, finding that commercial and multifamily mortgages remain–despite gloomy press stating the contrary–relatively strong.
Rentbits.com Acquires ApartmentFrog.com
Rental search engine rentbits.com has acquired ApartmentFrog.com, an apartment search site, for an undisclosed price.
DEAL OF THE DAY: Marcus & Millichap Brokers $11.7M Sale of Property in Washington, D.C.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.
Web Feature: Common Area Renovations 101
Between 2005 and 2009, AIMCO undertook renovations
Palmer Hill Partners Adds New Phase to Conn. Devp.
Palmer Hill Partners is now preparing for a new phase of construction on the Palmer Hill luxury condominium community in Stamford, Conn., which will consist of a second condominium building with 27 homes, and 20 new townhomes.
New Velocity eBill Feature Helps Communities Go Green with Paperless Statements
RealPage, Inc. recently launched its latest offering, the Velocity eBill feature, which provides residents a monthly rent and utility statement notification via e-mail instead of mailed paper statements.