News
USAA, Golub Buy Chicago Apartment Tower for $80M
USAA Real Estate Co. and Golub & Co. have acquired Chestnut Place at 850 N. State Street in Chicago for $80.5 million from Chestnut Place Associates.
Ismael Leyva Architects Unveils Design for 66 Rockwell in Brooklyn
New York-based Ismael Leyva Architects has announced that it has completed designs for the Brooklyn residential high rise 66 Rockwell. The firm was responsible for both the development’s architecture as well as the interior spaces.
TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets
Hunt Mortgage Group (formerly Centerline) provides $12.5 million to refinance two Houston apartment assets; Walker & Dunlop structures $56 million in HUD financing for a Louisiana portfolio; and Meridian Capital arranges a $31.6 million financing with cash-out and reduced prepay penalty.
Economy Watch: Lenders Loosening Lending Standards for Some Loans
The Federal Reserve said in its July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices that such practices are being loosened, but not quite for every kind of loan.
Greystar Real Estate Partners Developing 1 MSF Mixed-Use Community in Austin
Greystar Real Estate Partners is developing Lamar Union, a 1-million-square-foot mixed-use community located south of downtown Austin.
Picerne Breaks Ground on Inland Empire Apartments
Ground has been broken on Vistara, a 298-unit apartment community in Ontario, Calif., in the region known as the Inland Empire. The developer, The Picerne Group, anticipates that the property will be complete by the second quarter of 2015.
Eddy G. Viteri Joins Montroy Andersen DeMarco as Director of Construction Administration
Eddy G. Viteri has joined the New York City architecture, design, and planning firm of Montroy Andersen DeMarco (MADGI) as director of construction administration.