News
Economy Watch: CRE Benefits from Easier Money
Among all the other metrics the Federal Reserve tracks, each quarter it publishes the “Senior Loan Officer Opinion Survey on Bank Lending Practices.” In the case of the April 2015 survey for Q1, the central bank summarized responses from 76 domestic banks and 23 U.S. branches and agencies of foreign banks.
Successful Structures
CBRE’s Trehubenko favors transparency, patience and clarity when structuring complex affordable housing financing.
Dewberry Capital Starts Work on Charleston-Area Apartments
Work has strarted on Oyster Park Apartments, a $28.5 million residential development in Mt. Pleasant, S.C., in metro Charleston.
Paying it Forward
The social responsibility craze shows no signs of slowing down; multifamily knows a thing or two about good deeds
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.
Multifamily Owners Consider Plusses and Minuses of Single-Family Rentals
At the recent National Multifamily Housing Council (NMHC) Spring Board Meeting, the multifamily audience listened to a discussion of the pros and cons of singlefamily rental ownership and operation.
Brooklyn Multifamily Sale Shatters Records
At a price of $296 per square foot, the sale of 632 Ocean Parkway has set a high mark for the Kensington section of Brooklyn.
Economy Watch: Construction Spending Continues to Drop Because of Energy
U.S. construction spending continued on a downward trajectory in March.
TODAY’S DEALS: Kennedy Wilson Expands with Condo-Quality Apartment Acquisition
Kennedy Wilson completes a $47 million purchase with value-add intentions; Greystar nabs a 200-unit community in Quincy, Mass.; and a national real estate investor purchases a property for $30 million in an online auction.