Multi-family Housing

NEW YORK CITY-A Fannie Mae DUS loan for $13 million provides permanent financing for Alpine Gardens Apartments, highlighting this week’s wrap-up of deals.

LIMOGES, FRANCE-The fully leased retail space consists of some 70 shops on two stories.

SANTA CLARA, CA-Tellabs is relocating to a 322,726-square-foot class A office and R&D property in this week’s wrap-up of deals.

CHICAGO-TMP Worldwide Advertising & Communications Inc., a New York City-based recruitment advertising firm, is extending its lease as well as expanding its office at 444 N. Michigan Ave. by leasing 15,685 square feet of space from GLL Real Estate Partners GmbH.

JOLIET, IL-Jacobson Cos., a logistics firm, has leased half of a one-million-square-foot warehouse space near Joliet from ING Clarion Partners.

NEW YORK CITY-Despite completing massive renovations to the Fortunoff building, the 18-story building on 681 Fifth Ave., still stands empty.

CHICAGO-Investors are much worried about the feeble economy as mortgage rates decreased to the lowest level for the 10th time in 11 consecutive weeks.

CHICAGO-According to the National Reverse Mortgage Lenders Association, the Federal Housing Administration (FHA) is planning to reduce the upfront mortgage insurance premium for borrowers of reverse mortgages.

CHICAGO-Merit Homes has reduced the price of its Libertyville homes by an average $100,000.

CHICAGO-The environment-friendly Colfax model is up for sale at The Heritage of Palatine's builder's closeout.

CHICAGO-Rock Creek Development has started the construction of its third ranch house named the Brunswick in Henning Estates.

DETROIT-On Thursday, the National Association of Realtors announced that its seasonally adjusted sales index increased 5.2% in July from that in the previous month to reach 79.4.

DALLAS-Mid-America Apartment Communities Inc., a Memphis-based apartment investor, has purchased two more Collin County apartment complexes.

FORT LAUDERDALE, FL-Dollar Tree Stores, a Chesapeake-based operator of discount variety stores, has inked 10 leases in the Southeast Florida marketplace with total area measuring 99,000 square feet.

BOSTON-The cumulative value of commercial real estate loan prices has shown an increase of 79.4% at the end of July 2010 as compared to 77.4% by end of June 2010.

FORT LAUDERDALE, FL-Audi Coral Springs has signed a multi-year lease agreement with Lighthouse Point Auto Investors I, LLC, for a 31,781 square-foot property located in Lighthouse Point at 4250 North Federal Highway.

ORLANDO-Harkins Commercial Inc., the leasing and brokerage division of Harkins Companies, has negotiated seven medical office deals worth $2.5 million across the Orlando area during August 2010.

MIAMI-Plaza Advisors has announced the sale of West Bird Plaza located at the crossway of Bird Road and SW 117th Avenue in Miami.

MEMPHIS-Urban Outfitters Inc, a Philadelphia-based apparel retail chain, is in talks to lease a former antique mall building measuring 13,816 square feet at 742 S.Cooper to house one of its name-brand stores.

MILWAUKEE-Heartland Home Care, Hospice & I.V. Care, a nationwide health care firm based in Toledo, OH, is planning to set up its new office in Wauwatosa.