News
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Trade Street Residential Redeems Non-Controlling Interests
Full-service, self-administered and self-managed real estate investment trust Trade Street Residential announced the redemption of the non-controlling interests in four of its property-owning subsidiaries for total consideration of approximately $7.7 million.
Economy Watch: Housing Prices Spike in Most Markets
All three S&P/Case-Shiller Home Price composites indices, which were published by S&P Dow Jones Indices, showed double-digit annual increases for the three months ending in March.
Maplewood Readies Connecticut Site for Seniors Development
Maplewood Senior Living has closed on a six-acre development site in Bethel, Conn., for an assisted living and memory care facility.
Campus Advantage Names New Senior Vice President of Investments
Campus Advantage, a leading student housing company, has made Michael Orsak a shareholder and promoted him to senior vice president of investments where he will manage the company’s portfolio of real estate and corporate investments, provide guidance on new investment opportunities and reach out to potential new business partners and investors.
Beech Street Capital Provides $49.5M in Acquisition Financing
Beech Street Capital LLC announced that it has closed on a $49.5 million Freddie Mac CME loan to acquire a 409-unit multifamily community in Woodbridge, Va. Beech Street Capital, as part of its relationship with Meridian Capital Group LLC, financed the transaction.
TODAY’S DEALS: Prudential Provides $160.4M for Two NYC Apartments
Prudential provides $160.4 million for two Manhattan acquisitions; Canadian REIT Morguard completes a six-property purchase in the South; and NorthMarq Capital arranges a $23.85 million fully amortizing loan.
Mediterranea Updates Printed Porcelain Tile Line with Cement/Stone Series
The Bayside line from Mediterranea is a combination of cement and stone that provides the clean, minimalist look that many renters—and buildings—are after.
BDO Study Shows Uptick in REIT Conversion
The 2013 BDO RiskFactor Report for REITs, a new survey by BDO USA, finds that a surge in companies filing for REIT status may be leading to an increase in scrutiny over which companies should qualify.
Video – Q1 2013 Apartment Trends
Reis Reports Chief Economist Dr. Victor Calanog covers Q1 2013 Apartment Trends and provides an outlook for the coming months in the sector.