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Madison Realty Capital Acquires Manhattan Mixed-Use Property For $40.2M

Madison Realty Capital Acquires Manhattan Mixed-Use Property For $40.2M

Madison Realty Capital has acquired 361 East 50th St., a six-story mixed-use elevator building located in the Midtown East section of Manhattan, for $40.2 million.…

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Economy Watch: Case-Shiller Shows Smaller Home Price Rises

Economy Watch: Case-Shiller Shows Smaller Home Price Rises

According to the latest S&P/Case-Shiller Home Price Indices, the 10-city and 20-city composite indexes were up 9.4 percent and 9.3 percent year-over-year respectively in May, down from 10.9 percent and 10.8 percent in April. …

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Economy Watch: Pending Home Sales Edge Down

Economy Watch: Pending Home Sales Edge Down

The National Association of Realtors reported on Monday that its Pending Home Sales Index, a forward-looking indicator based on contracts inked but not closed, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (when it was 110.8). …

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Argos Development’s The Montrose Residences have Sold Out

Argos Development’s The Montrose Residences have Sold Out

Real estate marketing company Urban Pace LLC has announced that all the condominium homes at The Montrose Residences, a 15-unit low-rise community in Washington’s prestigious Georgetown neighborhood, have sold. The building, the former home of Henry and Anne Hurt Home for the Blind, has recently undergone a three-year renovation and…

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TODAY’S DEALS: Parse Capital Provides $7.3M Mezz. Piece for Luxury Houston Apartments

TODAY’S DEALS: Parse Capital Provides $7.3M Mezz. Piece for Luxury Houston Apartments

Parse Capital partners with JPI Companies on a $37 million Houston development; Capital One closes an $8.8 million refinance for a New Hampshire assisted living community; and ARA's Colorado office handles the $899,000 sale of a 14-Unit townhome community in Colorado Springs, Colo. …

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South Jersey Apartment Community Sells for $26M

South Jersey Apartment Community Sells for $26M

The 484-unit Chalet Gardens in the Philadelphia suburb of Pine Hill, N.J., has traded hands for $26 million. …

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TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing

TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing

NorthMarq refinances two assets in Alameda, Calif.; Marcus & Millichap closes the sale of Imperial Crown apartments; and Berkadia originates $34 million for a multifamily property on Long Island, N.Y.…

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L+M Development Opens Final Phase of Candlestick Heights

L+M Development Opens Final Phase of Candlestick Heights

Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood. …

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Centerline Capital Group Officially Renamed Hunt Mortgage Group

Centerline Capital Group Officially Renamed Hunt Mortgage Group

Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced that it has been renamed Hunt Mortgage Group, completing the firm’s transition to Hunt Companies Inc.…

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Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow today announced that it has entered into a definitive agreement to acquire Trulia for $3.5 billion in a stock-for-stock transaction.…

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Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.

Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.

A ribbon-cutting ceremony has officially unveiled Phase III of the long-awaited Heritage at Alexander Hamilton in Paterson, N.J. The new affordable housing lifestyle community was developed by Pennrose Properties, in partnership with the Housing Authority of the City of Paterson. …

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Economy Watch: Bank Failures Sluggish in ’14

Economy Watch: Bank Failures Sluggish in ’14

Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.…

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