News
TODAY’S DEALS: CIM Group Buys D.C. Apartment Portfolio
CIM Group buys 449 units in Washington, D.C.; KW Commercial completes a luxury sale in West Los Angeles; and Dane PCG represents AIMCO in sale of a $6.6 million Section 8 property.
Carroll Organization Acquires Lakeview Lofts in Houston
Carroll Organization has finalized the purchase of Lakeview Lofts in the Bear Creek/Copperfield submarket of Houston, bringing the company’s 2013 multifamily acquisition totals to more than $700 million.
W.P. Carey Completes Acquisition of Government-Occupied Office Asset in Manchester
With European markets presenting better and better investment opportunities, more and more US-based companies are expanding the overseas portfolios with the most diverse acquisitions.
Green, Historic and Redeveloped: Cape Town Waterfront Rejuvenation Completes First Phase
The rejuvenation of Cape Town’s Victoria and Alfred Waterfront, South Africa’s oldest working port, has recently reached an important milestone with the practical completion of the project’s first phase, the No.1 Silo.
Carroll Organization Expands Further in Houston
Carroll Organization has acquired Lakeview Lofts, a 366-unit multifamily community in Houston’s Bear Creek/Copperfield submarket.
Economy Watch: Mortgage Applications Drop as Rates Rise
The Mortgage Bankers Association reported on Wednesday that mortgage refinance activity is at its lowest level since 2009.
From Fannie + Freddie to FHA
The FHA financing program, too, grapples with various challenges.
Social-Purpose Equity Trust Expands Its Activities
The Housing Partnership Equity Trust has kicked its activity into high gear by finalizing finance for the purchase of 300-unit Woodmere Trace apartments in the Norfolk/Hampton Roads area by the Community Preservation and Development Corp.
Enterprise Names Diane Yentel Vice President of Public Policy
Enterprise Community Partners Inc. named Diane Yentel vice president of Public Policy.
TODAY’S DEALS: Oakland TOD Condo/Rental Sells for $103M
IPA brokers the sale of a264-unit luxury asset in Oakland, Calif.; NAI Capital completes a $4.3 million sale in Los Angeles; and NorthMarq arranges a $14 million FHA 223(f) loan to fund a conversion to very-low income housing.