News
Economy Watch: Mortgage Delinquencies Continue to Edge Down
Lender Processing Services said that 6.59 percent of U.S. residential mortgages were delinquent in March, down from 6.8 percent in February.
Larry Sullivan Named President of Passco Companies
William O. Passo, founder and CEO of Passco Companies LLC, has announced the appointment of Larry K. Sullivan as president of the company following the resignation of former president William H. Winn, effective May 30, 2013.
For Renters, Housing Costs Up, Incomes Down
The cost burden of renting continues to increase for a large share of U.S. households, according to the latest Center for Housing Policy’s Housing Landscape report.
Urban Capital Partners Acquires Multifamily Community, Formerly Schoolhouse
New Boston Fund Inc. announced the sale of Schoolhouse at Lower Mills, a 62-unit mixed income community in Dorchester, Mass., to Urban Capital Partners LLC.
TODAY’S DEALS: HFF Arranges $86.8M Acquisition Financing for Crow Fund Through TIAA-CREF
HFF worked on behalf of a private real estate fund advised by Crow Holdings Capital Partners LLC to secure a 10-year, fixed-rate loan; and Beech Street closes on a $17 million Fannie Mae refinance loan.
Economy Watch: Jobs Report Mostly Positive, Wall Street Reacts
The headline numbers from the Bureau of Labor Statistics—a net of 165,000 new jobs in April, and upward revisions for the previous months—were well received, especially by investors.
Gaia Pays $55M for Two East Providence Multifamily Communities
Gaia Real Estate has purchased the Winchester Park and Winchester Wood multifamily communities in East Providence for $55 million or $115,000 per unit.
Legendary Ft. Worth Ranch to Become Urban Village
The famous Edwards Ranch, located in the heart of Ft. Worth, Texas, on the banks of the Clear Fork of the Trinity River, will soon be transformed into Clearfork, a 270-acre urban village to be developed by Cassco Development Co., in partnership with Rosewood Property Co.