News
TruAmerica Contiues to Grow with Two Class A Acquisitions
TruAmerica Multifamily is two steps closer to reaching its goal of a $1 billion portfolio by mid-2015 thanks to purchases in Gilroy, Calif., and Federal Way, Wash.
New Boston Fund, Asian CDC Land Financing for Mixed-Income Development in Boston
New Boston Fund and Asian Community Development Corp. land $114.7 million via HFF for a mixed-income development in Boston’s Chinatown.
Economy Watch: Pending Home Sales Edge Up
Positive signals for the single-family market emerge from both The NAR, which reports that pending home sales inched up during November, and Lender Processing Services, which reveals that U.S. home prices increased 0.8 percent year-over-year as of October.
WholeLife Buys San Antonio Site for Seniors Housing
WholeLife Cos. acquires the site for a $55 million seniors housing community it is building northeast of San Antonio.
Wood Partners Moves Forward with Construction in Germantown, Md.
Wood Partners has broken ground on Alta Liberty Mill, a $60 million, 304-unit community in Germantown, Md.
TODAY’S DEALS: Centerline Arranges $186M for Texas Portfolio Acquisition
Centerline provides financing for a nine-property purchase by Gaia Real Estate; Behringer Harvard and PGGM expand their co-investment relationship; and Houlihan-Parnes brokers a $600,000 non-recourse refinance loan carrying a five-year term.
Newcastle Acquires $1B Seniors Housing Portfolio From Holiday
Newcastle Investment Corp. completes a $1 billion acquisition of 51 independent living seniors housing properties from an affiliate of Holiday Acquisition Holdings.
Economy Watch: Extended Unemployment Benefits Lapse for 1.3 Million Recipients
Extended unemployment benefits expire for 1.3 million people, and Freddie Mac’s delinquency rate drops to 2.43 percent—its lowest level since March 2009.
Mike Radice: New Era of Information Technology
Mike Radice, CEO of NWP Services Inc., discusses the new era of IT, in which leasing documents can be digitized for more cost-efficient storage and transmission.
CIM Group Purchases Lower East Side Community
Los Angeles-headquartered CIM Group has purchased 265-275 Cherry Street, a Section 8 HUD subsidized housing community in Manhattan’s Lower East Side.