SilverBrick Group LLC

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    The Arel Capital-owned 141-unit property is the seventh residential asset to join The Collective Glendale, a 793-unit portfolio located near Infinity Park.

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    The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.

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    The 12-year term Fannie Mae loan originated by Dougherty Mortgage LLC and Old Capital Lending has a 30-year amortization schedule. The 27-building community features studios, one- and two-bedroom apartments.

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    The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.

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    More architects and developers are turning to adaptive reuse as a solution to some of the problems facing the built environment.

    18 August 2017 19:04
  • CHC Real Estate Buys Class A Property in Odenton, MD

    Cafritz Interests and Clark Enterprises Inc. sold NOVUS Odenton, a 244-unit luxury community. The asset was acquired free of any debt.

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  • Clayton Nash Takes Over Phoenix Firm

    Through the absorption of Uptown Realty, the company will transfer all agents as well as its office location in the Atlanta Biltmore. The company also revealed plans to hire up to 1,200 agents and add several more branch locations this year.

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  • Culture as the Ultimate Business Fuel

    Jared Miller explains how to make an organization run smoothly and efficiently, drawing on his experience at companies such as Lane, RedPeak, Bainbridge and his current position at Homestead Development Partners.

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    President Aaron Jungreis represented both the seller and the buyer in the exchange of the 343-unit portfolio. The seven buildings were constructed between 1913 and 1941.

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  • Trade Groups in Effort to Fix Bank Lending Rules

    Proposed legislation would maintain high-volatility commercial real estate's higher capital charges, but clarify which loans are subject to the rules.

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