News
RED Records Record Year in 2012 and Captures MBA Top FHA/Ginnie Mae Origination Ranking
Comprehensive capital provider RED Capital Group announced that according to a recent 2012 Annual Origination Rankings report released by the Mortgage Bankers Association, RED’s mortgage banking arm, Red Mortgage Capital LLC, was the top originator for FHA/Ginnie Mae loans in 2012 providing 231 FHA loanstotaling $2.176 billion.
Starwood Hotels & Resorts Opens First W Branded Property in Mainland China
Starwood Hotels & Resorts has launched the W Hotels brand in Mainland China with the opening of W Guangzhou.
Decade-Long Development in Inland China Completes its 13th Phase
A decade-long development effort by Sunac Real Estate was recently commemorated during a ceremony organized by the developer.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
Deutsche Asset & Wealth Management Forms Energy-Efficient Property Investment Team
Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.
Special Report: Should You Implement a Submetering System in Your Community?
In a recent webinar titled “Submetering to Increase Profits and Resident Satisfaction,” panelists provided best practice suggestions for implementing and maintaining water submetering systems in multifamily communities.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.