Suburban St. Louis Community Gets $11M Refi
Winslow started work on the first phase of the development in 2014 and completed it last year.
Manufacturing Not Rebounding from Slack Q1
U.S. manufacturing experienced a sluggish first quarter this year, and the prospects for a rebound aren’t looking great.
Acquisition Loan Helps Preserve Affordable Housing Property in LA
Mariman & Co. has obtained $38.2 million for The Palms Apartments.
Economy Watch: Apartment Market Tightens, According to NMHC
A look at why consumer demand for apartments is declining.
Bainbridge Cos., China Orient Obtain $128M Loan for Long Island Multifamily Deal
The community consists of 43 two-story buildings totaling 656 units.
Economy Watch: Architects Busier in March, Bodes Well for Construction Spending
The American Institute of Architects reported that the March Architecture Billings Index (ABI) came in at 51.9, up from the mark of 50.3 in February.
Hines, Welltower Plan Senior Housing in Midtown Manhattan
The partners will demolish the existing commercial structures on the site to make way for a new 15-story community with retail at the base.
Economy Watch: CRE Lending Continues to Thrive, According to ABA Survey
The most active asset classes—accounting for 62 percent of banks’ total CRE portfolios—are multifamily, office and retail.
NC Apartments Obtain Refi from Freddie Mac
The 88-unit building was constructed in phases from 1966 to 1978 and acquired by the current owner in 2001.
Economy Watch: Why Hasn’t Low Gas Prices Stimulated Retail Sales?
The price of oil has been relatively low since mid-2014, and so has the price of gasoline, despite a small uptick in recent weeks. So where’s the boost in consumer spending?