Finance & Investment
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
Beech Street Capital Provides $49.5M in Acquisition Financing
Beech Street Capital LLC announced that it has closed on a $49.5 million Freddie Mac CME loan to acquire a 409-unit multifamily community in Woodbridge, Va. Beech Street Capital, as part of its relationship with Meridian Capital Group LLC, financed the transaction.
Special Report: The Money Market
Real estate investment is increasingly becoming a global business, with widening competition as more players place money around the globe. Depending on investment goals, players may be drawn to the recovering U.S. markets or the lagging European markets.
TODAY’S DEALS: MAA Buys 260-Unit Asset in Virginia
MAA buys an upscale asset in Fredericksburg, Va.; and Trade Street Residential buys two communities in the Carolinas.
WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged
By Alex Girda, Associate Editor WinCo Foods is about to open two brand new stores in the Las Vegas area with a tentative opening slated for March of this year. One of the two stores is being rapidly developed at the Stephanie Street and Wigwam Parkway location. The Las Vegas Sun reports that the new […]
Fannie Mae Reminds Servicers of Options for Borrowers Affected by Oklahoma Tornado
Fannie Mae is reminding servicers of options for homeowners affected by natural disasters in the wake of the Moore, Okla., tornado.
TODAY’S DEALS: PCCP Lands $30M for Queens Conversion
PCCP arranges $30 million for a Long Island City redevelopment; and Variant adds a 280-unit Georgia asset to its portfolio.
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
Recent Slowdown in Economic Growth Likely Short-Lived
The year’s strong start faded late in the first quarter across many key economic indicators, but the recent set-back likely is a temporary one, according to Fannie Mae’s Economic & Strategic Research Group
Special Report: How to Make Mixed-Use Development Work in Neighborhood Revitalization
At the New York State Association for Affordable Housing’s 14th Annual New York State Affordable Housing Conference in New York in the session “Financing Mixed-Use Development,” speakers discussed why mixed-use buildings could be critical to neighborhood revitalization.