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Archive for the Category ‘Multi-Family’

BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6

BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6

In the largest of the three transactions, BRE snapped up the 500-unit Aqua Marina del Rey (pictured) in Marina del Rey for $166 million, a figure well below replacement cost.

HFF Nails Down $32.8M in Financing for Texas Multi-Housing Community

HFF Nails Down $32.8M in Financing for Texas Multi-Housing Community

Proceeds from the 35-year, fixed-rate loan will go toward retiring an existing construction loan as well as recapitalizing the property.

Barnhart Balfour Beatty Tapped to Build $104M UC Riverside Student Housing Complex

Barnhart Balfour Beatty Tapped to Build $104M UC Riverside Student Housing Complex

There haven’t been too many hiccups in the student housing market during the recession.

Canyon-Johnson Urban Funds Tapped for $22.6M to Complete Brooklyn Condo Project

Canyon-Johnson Urban Funds Tapped for $22.6M to Complete Brooklyn Condo Project

To complete the project, OL Washington will retain current general contractor Triton Construction Co., along with hiring residential brokerage The Corcoran Group to market the units upon completion.

Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province

Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province

The fixed-rate loan was originated and closed by Grandbridge’s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.

BRE Grabs San Jose Apartment Property for $50.2M, Assumes Mortgage Loan

BRE Grabs San Jose Apartment Property for $50.2M, Assumes Mortgage Loan

The San Francisco-based REIT assumed a $32.5 million mortgage in buying the 226-unit property.

JBG, Grosvenor Team on D.C. Condo Project

JBG, Grosvenor Team on D.C. Condo Project

JBG Companies and Grosvenor plan a 125-unit condominium project in the nation’s capital.

Multi-Family REITs Ride High: SNL Study

Multi-Family REITs Ride High: SNL Study

Multi-family-focused REITs have the edge over the rest of the REIT industry, reports SNL Real Estate.

Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington

Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington

Freddie Mac’s request for $1.8 billion to sustain its reserves through the next quarter may have followed on sister Fannie Mae’s bid for its own fresh multibillion-dollar infusion, but in the scheme of things it amounts to barely a drop in the bailout bucket.

Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver

Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver

Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”

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