Instrata at Mercedes House Fully Leased
If you need a anecdote for the strength of multifamily demand in Manhattan, consider that Invesco’s 162-unit Instrata at Mercedes House has leased up to full occupancy in just 10 months.
TODAY’S DEALS: Bell Partners Completes 207-Unit Buy in Dallas
Bell Partners acquires a newly-built asset in Dallas; Charles Dunn Co. completes a $2.8 million sale in Los Angeles; and Arbor Commercial funds $55 million for an acquisition.
Carroll Organization Acquires Jacksonville Luxury Apartment Property
Carroll Organization is bullish on Jacksonville, Fla., and gives MHN details on its third acquisition in the city since the beginning of 2013.
Economy Watch: Home Prices Up Annually, Barely Move Monthly
The growth of home prices slows down, and U.S. total crude oil production should reach its highest level in four decades in 2015.
Gebroe-Hammmer Completes $136M in Northern New Jersey Sales
In a testament to just how hot the northern New Jersey investment sales market is, Gebroe-Hammer Associates has closed 27 deals totaling 1,515 units in only two months.
Economy Watch: Services Sector Growth Slows in December
The services sector of the economy takes a dip in December, though new factory orders increased in November to their highest level since the Census Bureau has been keeping track.
Capri Acquires Stamford Luxury Residential Building for $135M
Capri Capital Partners makes a big statement in Stamford, Conn., with the $135 million acquisition of 101 Park Place at Harbor Point.
TODAY’S DEALS: CBRE/New England Provides $36M for Massachusetts Acquisition
CBRE/New England provides acquisition financing for a $60 million purchase in Malden, Mass.; TGM Associates sells two assets in Kentucky; and NAI Tampa closes on a portfolio of Class A condo properties for $54.5 million.
Manhattan Residential Price Increase Led by Luxury Segment
Town Residential’s fourth quarter Manhattan condo and co-op sales report shows that luxury properties were responsible for most of the upward growth in sales prices.
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.