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Capital Markets
A relatively plentiful supply may increase even further in 2013.
Off-Campus Housing Supply will be Constrained for Foreseeable Future
Campus Crest Communities hosts ‘investor day’ at NYSE boardroom.
Editor’s Note: Connecting with Lenders Online
Hint: They want to see that your team is working ‘smarter.’
New Manhattan Rental Property Unveils Lobby Artwork
Related Cos. has unveiled four works by painter Derek Reist at 1214 Fifth Ave., its 53-story rental tower in Carnegie Hill, on the Upper East Side of Manhattan.
Fannie Mae and its Lenders Finance $33.8 Billion in Multifamily Loans in 2012
Fannie Mae provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history.
21 Percent Drop In Volume of Commercial and Multifamily Mortgages Maturing This Year
$119.5 billion, 8 percent of the outstanding balance, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from the $150.6 billion that matured in 2012, according to today’s release of the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes.
Wood Partners Begins Construction on 200-Unit Orlando Community
Wood Partners announced is has begun construction on a 200-unit community on Spring Lake at the entrance of Doctor Phillips, a residential district in Orlando, Fla.
Stephen York Named 2012 Arbor Top Producer
Stephen York was recently named the 2012 Arbor Commercial Mortgage top producer. York is a vice president at Arbor Commercial Mortgage, responsible for originating Fannie Mae, FHA, CMBS, Bridge, Mezzanine and Preferred Equity transactions nationwide.
TODAY’S DEALS: ARA Sells 180-Unit Asset in Texas
An Oregon-based buyer acquires a Texas asset; Marcus & Millichap sells a N.J. HUD community for $16.1 million; and Gebroe-Hammer completes four sales in Southern New Jersey/Philadelphia.
Sterling at Silverleaf Phase Two Coming to Scottsdale
Plans were finalized in mid-January for phase two of Sterling at Silverleaf in Scottsdale, Ariz. A dozen luxury villas starting at $2.2 million will break ground in early spring, with a phase three of 213 luxury condominiums to follow.