Finance & Investment
Economy Watch: Economic Worries a Drag on Housing
Americans’ concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to Fannie Mae’s May 2014 National Housing Survey.
TODAY’S DEALS: IPA Brokers $55.3M Sale in Reno
IPA brokers AG Spanos’ sale of a 350-unit luxury asset in Reno; NorthMarq arranges a $36.3 million refinance for an apartment in Orlando; and Houlihan Parnes brokers a $1.6 million loan for a Monticello, N.Y., community.
Out of Sight, Out of Mind: Advice for Asset Managers
By acting as the eyes and ears of the property owner, the real property asset manager has a special role to play in the real property business.
TODAY’S DEALS: WNC Closes $48.5M California LIHTC Fund
WNC closes a 714-unit LIHTC fund in California; NAI Capital brokers a 16-unit sale in West Los Angeles; and Grandbridge Real Estate provides $21.15 million financing for an acquisition.
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
TODAY’S DEALS: Newly Completed Austin Community Trades Hands
Oden Hughes sells a 2013-built asset in Austin; TD Bank funds a $17.3 million loan for the acquisition of apartment units; abd Boston Capital invests in a Texas LIHTC development.
TODAY’S DEALS: NorthMarq Refinances San Diego Apartment Asset
NorthMarq arranges a $52 million refinancing in San Diego; ARA brokers a Texas sale to a Montana buyer; and Dominium acquires an affordable housing community in Florida.
Selling Condo Hotels
New SEC regulations facilitate the sale of condominium hotel units.