News
Economy Watch: GSE Delinquencies Continue to Drop
Fannie Mae reported that its single-family serious delinquency rate declined from 2.55 percent in September to 2.48 percent in October.
Brooklyn Heights Apartment Reports Rapid Leasing
In another example of the strong demand for new apartments in New York City, 184 Joralemon, which began leasing only this summer, is now more than half leased, according to Ideal Properties Group, with rents ranging from $4,260 to $5,600 per month.
TODAY’S DEALS: Holland Partner Group, Heitman Affiliate Buy an Oregon Apartment Asset
HFF brokers the joint venture sale of an apartment community in Beaverton, Ore.; Canyon Capital Realty Advisors provides $42 million in construction financing to Griffin Real Estate Management; and Beech Street Capital funds a $13.4 million Fannie Mae refinance loan.
Ariel Property Advisors Sells Pair of Multifamily Buildings in New York
Ariel Property Advisors announced that it has sold the adjoining properties at 556-562 West 126th Street in New York for $15 million, which comes totals about $284,615 per square foot.
Conor Commercial Real Estate and Ravine Park Partners Break Ground on Chicago Apartments
Construction is underway on Woodview Apartments, a new luxury apartment development in the northern Chicago suburb of Deerfield, Ill.
Economy Watch: U.S. Housing Price Rise Slows
S&P Dow Jones Indices reported the latest S&P/Case-Shiller Home Price Indices, which cover the three months ending in September.
MHN Interview: Victoria Lanteigne of the Equal Rights Center
The Equal Rights Center, a national non-profit civil rights organization, recently announced that American Standard would be founding associate member of the ERC’s Multifamily Housing Resource Program. MHN speaks with Victoria Lanteigne, corporate partnership and training program manager, ERC, about this new partnership.
NYSERDA Recognizes Six Engineering Firms for Doubling Energy Efficiency Savings in Multifamily Buildings
Multifamily buildings across New York State are maximizing building energy efficiency and reducing energy costs.
ASB Acquired Suburban DC Apartments for $222M
ASB Real Estate Investments has acquired two recently completed apartment community in Rosslyn, Va., for a total of $222 million.
TODAY’S DEALS: Starlight Multi-Family Fund Buys a Texas Portfolio
A Canadian fund makes its first investment with a Texas acquisition; Militello Capital and QR Capital purchase two communities in Georgia; and Canyon funds a $42 million senior construction loan.