Moinian Wins Mortgage Extension for 100 John Street
New York–The Moinian Group has obtained an extension of the securitized $84 million mortgage loan on the Renaissance at 100 John Street, the residential portion of a 36-story mixed-use property in downtown Manhattan.
Carroll Organization Fund Sets Sites on Apartment Acquisitions
Atlanta–Carroll Organization has closed its first private equity fund, Carroll Co-Invest Fund I, for the purpose of jumping into the heated world of multifamily investment.
Economy Watch: The Yo-Yoing of Wall Street
“Roller coaster” might not be a fitting metaphor for Wall Street during this nervous summer of 2011. Yo-yo might be better.
Condo/Co-op Prices See Drop Since Last Year
Washington, D.C.–The National Association of Realtors (NAR) reported this week that the national median price for for-sale housing–condominiums and cooperatives of all stripes–was $169,200 during the second quarter of 2011. That median represents a 3.5 percent drop from the median price during the same quarter in 2010.
Economy Watch: The Wall Street Roller Coaster is Back
Wall Street seems determined to panic like it’s 2008, no matter what the bearded one says, so the roller-coaster ride was back downward on Wednesday, pretty much erasing Tuesday’s gains, which had mostly erased Monday’s losses.
Economy Watch: Fed To Market: Calm Down
The Federal Open Market Committee’s (FOMC) statement on Tuesday, which much of the investing world had been anticipating (between moments of headless-chicken panic), started off bland enough, per Federal Reserve custom.
NMHC Quarterly Survey Finds Apartments in Fine Fettle
Washington, D.C.–The latest Quarterly Survey of Apartment Market Conditions by the National Multi Housing Council (NMHC) confirms the general sense of strength in the apartment market.
Economy Watch: S&P Downgrade Ripples Through the Markets
Observers, pundits and prognosticators weren’t quite sure what investors would do after Friday’s unprecedented Standard & Poor’s downgrade of U.S. sovereign debt.
Moody’s See Strong Fundamentals for U.S. Apartments, But Little Development Ahead
New York–According to a new report by Moody’s Investors Service, all major U.S. REIT property sectors have stable rating outlooks, with multifamily REITs, in particular, showing strong.
Economy Watch: S&P Lowers the Downgrade Boom
On Friday evening, Standard & Poor’s went where no rating agency has gone before by downgrading long-term U.S. sovereign debt.