Economy Watch: U.S. Auto Sales Up in 2013
Auto sales were up 7.5 percent in 2013, and soon to be ex-chairman Ben Bernanke remains optimistic about the U.S. economy in 2014.
TCU Opens New KSQ-Designed Student Housing Facility
A new KSQ-designed residence hall opens at Texas Christian University. The project is an example of institutions looking at ‘retro housing’, a community-focused push-back against on-campus projects that aim to replicate the off-campus experience.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.
NYC Announces New, Expanded Carbon Challenge that Now Includes Multifamily
Spurred by big drops in greenhouse gas emissions, New York City has unveiled new and expanded programs aimed at building efficiency, including an expansion of its Carbon Challenge to include multifamily buildings.
Financing in Place for $278M Brooklyn Mixed-Income Project
A 586-unit mixed-income asset is set to break ground in Downtown Brooklyn now that land, LIHTC and $177.5 million in financing are in place.
TODAY’S DEALS: PAC Completes $19.9M Apartment Acquisition in Atlanta
Preferred Apartment Communities completes a 140-unit purchase; Steadfast Apartment REIT commences its IPO; and Eastern Consolidated brokers the sale of a Queens development site to a private Chinese investor for $17 million.
JP Morgan Unit Acquires Massachusetts Luxury Apartment for $63.1M
Institutional investors advised by J.P. Morgan Asset Management acquire Reading Commons, a 204-unit luxury apartment community located 10 miles north of Boston in Reading, Mass.
Economy Watch: Case-Shiller Home Prices Up in October
Newest S&P/Case-Shiller Home Price Indices show the highest year-over-year gains since February 2006, and consumer confidence rebounds in December.
TODAY’S DEALS: Kislak Completes $14.8M Sale of Foreclosed Apartments by Insurance Co. Affiliate
The Kislak Company Inc. brokers a $14.8 million distressed sale; and Marcus & Millichap completes a $1.9 million sale in Norfolk, Va.
TruAmerica Contiues to Grow with Two Class A Acquisitions
TruAmerica Multifamily is two steps closer to reaching its goal of a $1 billion portfolio by mid-2015 thanks to purchases in Gilroy, Calif., and Federal Way, Wash.