News
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.
TODAY’S DEALS: Transwestern Completes 272-Unit Houston Sale
Transwestern closes a Houston sale in 14 days; NorthMarq funds $16.6 million for an acquisition in Oregon; and Lee & Associates transacts a 41-property investment sale in California.
Newgard Breaks Ground on 352-Unit Condo in Downtown Miami
The first condominium to be built in Miami’s central business district in five years has broken ground.
Capital Senior Living Acquires Four Properties
Capital Senior Living Corp. has acquired four seniors housing communities in Indiana and South Carolina for a combined purchase price of nearly $65 million.
Economy Watch: Holiday Spending Rises Compared With ’12
Holiday spending rises 2.3 percent compared to last year, perhaps because consumers had a bit more money to spend.
Tryko Partners Acquires Affordable Housing Community in Pennsylvania
New Jersey-based Tryko Partners acquires an 86-unit affordable housing community in Leechburg, Pa.
TODAY’S DEALS: Berkshire to Acquire Two Apartment Assets for $120M
Berkshire Income Realty to acquire 588 units; Hudson Capital Investments buys a community outside Houston; and Beech Street Capital provides $7.4 million for a Florida acquisition.
Crescent Developing 556-Acre Master-Planned Asset Outside Charlotte
Crescent Communities is developing a 556-acre, master-planned community in York County, S.C., that is the company’s first new residential project in the Charlotte area in five years.