Richard Herrington

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  • George Smith Secures Financing for Hollywood Condo Conversion

    The $4.5 million loan will be used by Friedman Capital to purchase and transform Patio del Moro into a condominium. The historic asset was once home to celebrities such as Charlie Chaplin or Humphrey Bogart.

    02 August 2017 14:03
  • Minneapolis Community Receives $13M Refi

    Dougherty secured a 35-year term loan for the refinance of a Minneapolis community. The company plans a $3.4 million upgrade of the property as part of the transaction.

    04 May 2017 10:31
  • Economy Watch Weekly: Middling Month for Job Creation

    The number of jobs created in August was below this year's average monthly gain, the Bureau of Labor Statistics reported. The month's report did not include Hurricane Harvey's impact on employment. Economy Editor Dees Stribling discusses the full report, for the week ending Sept 1., 2017.

    05 September 2017 14:13
  • Economy Watch: Fitch Report Optimistic About CRE

    In its first annual U.S. Equity REITs Handbook, Fitch expects continued positive property-level fundamentals across most asset classes in 2017. Multifamily should again lead the REIT sector, although same-store net operating income growth will be less than 2016 levels, according to the report.

    06 June 2017 13:39
  • Monument Real Estate Taps New VP

    Industry veteran Lesly Jones joined the company as vice president of marketing and leasing. She will oversee and develop marketing services that provide support, tools and solutions to the firm’s multifamily assets.

    07 April 2017 21:45
  • 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
  • $72M DC-Area Senior Housing Community Underway

    The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.

    09 May 2017 13:39
  • Brookdale Senior Living Obtains Near $1B Credit Facility

    The portfolio is diverse, including properties nationwide and various care levels, as well as a small amount of skilled nursing.

    11 September 2017 15:26
  • Marcus & Millichap Sells Indianapolis Community

    Built in 1980, the one-story building is located near Memorial Hospital, a major employer in the area. The community was 100 percent occupied as of May.

    08 June 2017 19:17
  • Portland on the Park Welcomes First Residents in Phoenix

    Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.

    04 May 2017 12:07