News

West Hollywood Apartments Sell for Nearly $4M

Two fully occupied and adjacent apartment properties in the city of West Hollywood, which is in Los Angeles County, have traded hands.

TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building

Marcus & Millichap arranges the sale of 974 Saint Nicholas Ave., a six-story elevator building in the up-and-coming Washington Heights neighborhood; and Hunt Mortgage advances a seven-year ARM for a property in a “solid” market.

Peak Campus Management to Manage Purpose-Built Student Housing at Western Illinois University-Quad Cities

Peak Campus Management has been selected to manage The Mills at Riverbend Commons, adjacent to the Western Illinois University-Quad Cities campus in Moline, Ill.

Tad Radzinski Shares Tips on Corporate Responsibility in Recent Webinar

Sustainable Solutions Corporation co-founder Tad Radzinski discussed insights into measuring the benefits of corporate responsibility programs and strategies for improving returns on sustainability efforts during a recent webinar.

Economy Watch: Pending Home Sales See Uptick

The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.

Hunt Mortgage Group Hires Cary Brownley as Director

Hunt Mortgage Group announced it hired Cary Brownley as director to help expand its FHA lending platform. Brownley will lead FHA multifamily and healthcare loan closings for the entire firm.

RealtyTrac Reports Distressed Condo Sales Continue to Drop

The percentage of distressed condo sales nationwide continues to drop, according to a year-end report by RealtyTrac.

Vasco Ventures to Build 35 Luxury Units in Bed-Stuy

Private real estate group Vasco Ventures has unveiled plans to construct 35 luxury units in the Bedford-Stuyvesant neighborhood of Brooklyn.

MassHousing’s Loans Benefit Lynn, Mass., Seniors Housing

MassHousing loans totaling $16.4 million will make large-scale property renovations and the extension of affordability possible at St. Stephen’s Tower, a 130-unit community for seniors in Lynn, Mass.

Economy Watch: Case-Shiller Reports Residential Price Deceleration

According to S&P on Tuesday, the Case Shiller U.S. National Home Price Index recorded a 4.6 percent gain in October 2014 compared with a year earlier.