Herb Blecher

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  • Aztec Group Welcomes New Managing Director

    Peter Mekras’ industry background includes more than $1.85 billion in closed sales and capital market transactions involving apartment communities, fractured condominiums, developed lots, land, retail and office space.

    04 October 2017 18:40
  • Greystone Arranges $110M for Senior Portfolio Sale

    New Senior Investment Group sold 1,140-units comprising nine communities in the Florida Peninsula. Meridian Senior Living will manage the properties.

    09 November 2017 21:56
  • H2 Capital Nabs Virginia Assets

    The Mid-Atlantic purchase is the first out-of-state deal for the Colorado-based company. H2 Capital paid a combined $20.6 million to acquire two communities totaling 300 units.

    18 May 2017 17:44
  • Strong Fundamentals Fuel Heavy Development in DC

    Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.

    27 September 2017 13:24
  • The Financial Crisis Anniversary: How Miami’s Condo Market Survived

    SPACiO Design Build Founder & President Alexander Wertheim revealed how he set up and grew his general contracting business in the middle of the recession: He bet on condos and won.

    17 November 2017 14:53
  • LMC Tops Off San Diego Mixed-Use Project

    Shift, a 368-unit community located in the East Village neighborhood, includes a 21-story tower and two five-story low-rise buildings.

    20 June 2017 15:36
  • Berkadia Secures $47M Refi for DC Property

    The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.

    23 October 2017 23:26
  • PASSCO Acquires Space Coast Property

    The company intends to initiate an array of capital improvements at the Class A property, which it purchased from Flournoy Cos. KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing for Passco Cos. through Fannie Mae.

    22 May 2017 14:49
  • Chicago Investor Buys Dallas Apartments

    Waterton acquired South Side Flats, a 288-unit community that offers a mix of studio, one- and two-bedroom apartments. The deal marks the company's third multifamily acquisition in 2017.

    05 July 2017 08:45
  • HUD, HCR, MDG Partner for $160M Bronx Preservation

    Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.

    14 June 2017 16:56