News
The Walbrook Building Sold to Taiwan-Based Life Insurance Company
A high-quality office headquarters building in central London changed hands, as announced by Minerva Ltd.
Modern Spaces Named Leasing Agent for Astoria’s Newest Development
Tsilo Group has a new residential project coming to Astoria, Queens, and has chosen leading brokerage firm Modern Spaces as the exclusive leasing and marketing agent.
Economy Watch: Retail Sales Growth Slows to a Halt
Retail sales growth took a pause in April, according to the Census Bureau.
Huffines Expands TOD in Greater Dallas-Fort Worth
Huffines Communities has started work on the next phase of its transit-oriented development, Hebron 121 Station in Lewisville, a suburb of Dallas-Fort Worth. Preleasing for the phase will begin in late 2015 with occupancy in early ’16. It will include 242 new residences.
TODAY’S DEALS: Capital One Multifamily Finance Provides $20.5M Acquisition Loan
Capital One Multifamily Finance provides a $20.5 million Fannie Mae fixed-rate loan; and Aries Capital closes two small renovation loans.
Adjacent Brooklyn Buildings Net Record Sale Price
A pair of adjacent apartment buildings in the Kensington section of Brooklyn have sold for a combined $10.33 million, GFI Realty Services announced.
Interstate Equities Corporation Acquires Hidden Gem
Interstate Equities Corporation acquired an off-market, 34-unit multifamily property walkable from downtown Burbank, Calif.
Economy Watch: Another Lackluster Q1 Metric (And One That Wasn’t So Bad)
More evidence that the first quarter is going to be remembered as one in which the U.S. economy ran in place (which doesn’t do anyone any good, including various stripes of real estate): consumers didn’t do much more borrowing of any kind during the quarter.
Davis Cos. Acquires 29 Apartment Buildings in Virginia, Plans Rehab
The Davis Cos. has acquired the River City Renaissance portfolio in Richmond for over $37.3 million.