News
Economy Watch: Case-Shiller Indices Still Going Up
S&P Dow Jones Indices reported that the Case-Shiller Home Price Indices continued to increase as of June.
Chagit Sofiev-Leviev Appointed As CEO For Real Estate Development Firm Africa Israel USA
Real estate development company Africa Israel USA (AFI USA), recently named Chagit Sofiev-Leviev as chief executive officer (CEO) for the firm.
Carroll Organization Buys Interest in Savannah Apartment Community
The Carroll Organization has acquired a stake in the Trellis, a 264-unit apartment property in Savannah, Ga., for an unspecified sum. The Trellis was completed in 2010, and is in the southwest of the city’s historic downtown.
TODAY’S DEALS: Northwestern Mutual Provides Gables with a $233M Refinance
Northwestern Mutual helps Gables Residential refinance a 19-property portfolio; HFF secures $21.4M for a Oregon development; and Alliant Capital completes an $8.99 million 10-year refinancing loan.
Whirlpool’s New Ice Collection Does Not Disappoint
Whirlpool is a brand synonymous with style and quality, and their newest collection does not disappoint. The Ice Collection is a modern take on transitional design that comes complete with two different flavors.
Case-Shiller Shows Strong Metros Except in D.C.
Peter Muoio, senior principal and economist with Auction.com Research, says Case-Shiller Home Price Indices for June may be strong but the headline downplays drastic regional differences.
Trammell Crow Company Breaks Ground on Mixed-Use Development in Chicago North Shore Submarket
Trammell Crow Company, through its wholly owned subsidiary High Street ResidentialSM, has begun construction on Midtown Square, a four-story, mixed-use development in Glenview, Ill.
Greystone Continues West Coast Expansion with Opening of Newport Beach Office
Greystone, a national provider of multifamily and healthcare mortgage loans, opened the firm’s new West Coast Headquarters in Newport Beach, California.
Economy Watch: Mortgage Delinquencies Drop in July
Lender Processing Services, in its First Look report for July, said that the percentage of delinquent U.S mortgage loans decreased from 6.68 percent in June to 6.41 percent in July, and from 7.03 percent in July 2012.
TODAY’S DEALS: WNC Closes $150.5M Fund to Acquire LIHTC Properties in 18 States
WNC announces it has closed WNC Institutional Tax Credit Fund 38 LP; Breeden Realty buys a 300-unit asset in an ARA-brokered sale; and Marcus & Millichap arranges a 34-unit sale in Colorado.