News
Economy Watch: Multibillion-Dollar Mortgage Settlements Unveiled
Bank of America reached an $11.6 billion settlement with Fannie Mae on Monday, putting the banking giant a step closer to putting the countrywide mortgage shenanigans of the 2000s to rest.
Goldman Sachs and Greystar to Acquire $1.5 Billion of Assets from Equity Residential
Greystar Real Estate Partners announced they are partnering with Real Estate Principal Investment Area of Goldman, Sachs & Co. to purchase a $1.5 billion portfolio of multifamily assets from Equity Residential.
Apartments Open in the Village of Providence
The Sterling Group has opened Providence Place Apartment Homes in the Village of Providence in Huntsville. The new property includes 226 market-rate units in 10 buildings, and it features one-, two- and three-bedroom layouts.
Kelly Rowley Named as National Training Director at Madison Apartment Group, L.P.
Madison Apartment Group, LP, the multifamily operating arm of BPG Properties Ltd., announced today that Kelly Rowley has been named national training director for the company.
The Donaldson Group Acquires Va. Property for $107.5M, Plans $5M Renovation
The Donaldson Group and its equity partner Angelo, Gordon & Co. have acquired Rolling Brook Village, a multifamily community in Woodbridge, Va., for $107.5 million.
Arbor’s FHA Lending Group Accelerates Expansion with Hiring of Matthew Carey, VP of FHA Lending
Arbor Commercial Mortgage LLC, a national direct commercial real estate lender, has further expanded its multifamily and seniors/healthcare lending capabilities under the HUD/FHA loan programs with the appointment of Matthew Carey as vice president of FHA lending in the company’s Cleveland office.
Economy Watch: December Job Creation Middling
The Bureau of Labor Statistics said on Friday that the U.S. economy created 155,000 jobs in December, with healthcare, food services, construction and manufacturing all adding positions.
Americans Continue to Expect Growth in Home Prices
Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae’s December National Housing Survey results.
AMF Nears Completion on Gen Y Housing Concept
AMF Development LLC has topped out the first of a planned series of developments it calls Young Urban Communities.
TODAY’S DEALS: Crescent Resources Begins $67M Atlanta Development
Crescent Resources breaks ground in Atlanta’s Terminus development; Continental Realty Advisors sells a Phoenix asset for $50 million; and EdR announces $152 million in year-end activity.