New Boston Fund, Asian CDC Land Financing for Mixed-Income Development in Boston
New Boston Fund and Asian Community Development Corp. land $114.7 million via HFF for a mixed-income development in Boston’s Chinatown.
Economy Watch: Pending Home Sales Edge Up
Positive signals for the single-family market emerge from both The NAR, which reports that pending home sales inched up during November, and Lender Processing Services, which reveals that U.S. home prices increased 0.8 percent year-over-year as of October.
WholeLife Buys San Antonio Site for Seniors Housing
WholeLife Cos. acquires the site for a $55 million seniors housing community it is building northeast of San Antonio.
TODAY’S DEALS: Centerline Arranges $186M for Texas Portfolio Acquisition
Centerline provides financing for a nine-property purchase by Gaia Real Estate; Behringer Harvard and PGGM expand their co-investment relationship; and Houlihan-Parnes brokers a $600,000 non-recourse refinance loan carrying a five-year term.
Newcastle Acquires $1B Seniors Housing Portfolio From Holiday
Newcastle Investment Corp. completes a $1 billion acquisition of 51 independent living seniors housing properties from an affiliate of Holiday Acquisition Holdings.
Economy Watch: Extended Unemployment Benefits Lapse for 1.3 Million Recipients
Extended unemployment benefits expire for 1.3 million people, and Freddie Mac’s delinquency rate drops to 2.43 percent—its lowest level since March 2009.
TODAY’S DEALS: Transwestern Completes 272-Unit Houston Sale
Transwestern closes a Houston sale in 14 days; NorthMarq funds $16.6 million for an acquisition in Oregon; and Lee & Associates transacts a 41-property investment sale in California.
Newgard Breaks Ground on 352-Unit Condo in Downtown Miami
The first condominium to be built in Miami’s central business district in five years has broken ground.
Capital Senior Living Acquires Four Properties
Capital Senior Living Corp. has acquired four seniors housing communities in Indiana and South Carolina for a combined purchase price of nearly $65 million.
Economy Watch: Holiday Spending Rises Compared With ’12
Holiday spending rises 2.3 percent compared to last year, perhaps because consumers had a bit more money to spend.