News
TODAY’S DEALS: Spirit Bascom Completes $43.4M Connecticut Purchase
Spirit Bascom Ventures buys a $43.4 million property in Connecticut; Kennedy Wilson grabs a $41 million asset in Washington; and NorthMarq arranges $38 million in acquisition financing supplied by a life insurance company.
PROFILE: TD Bank Eschews Bailout, Provides Consistent Financing
TD Bank regards its reliability for customers—the noted ability to continue to support borrowers through tough economic times—as one of its competitive advantages.
Topex Wall-Mounted Vanity Aces Design, Space Saving Tests
A new series of wall-mounted bathroom vanities from Topex Hardware provide space saving functionality and storage, as well as an extreme level of customization, that should make your residents and design team smile.
Mill Creek Residential Opens Luxury Multifamily in Nassau County
Mill Creek Residential has opened West 130, a transit-oriented luxury rental community in the Long Island town of West Hempstead, N.Y.
Economy Watch: Fiscal Cliff Deal?
Over the weekend and into Monday, there were rumors from Washington that hinted at the possibility of a deal on the fiscal cliff. They were vague murmurs, but enough to catch the attention of the chattering classes and investors.
Candlebrook Buys Philly-Area Apartment Community for $83M
Candlebrook Properties LLC and Angelo, Gordon & Co. have acquired the Echelon Glen apartment community, which totals 900 units in 63 buildings in Voorhees, N.J. The property traded for about $83 million.
Tricap Acquires Ohio Community for $8.3M
Tricap recently announced it has finalized the acquisition of Residences at Sawmill Park, a community in Columbus, Ohio.
TODAY’S DEALS: JP Morgan Sells 250-Unit Texas Asset
Cortland Partners buys an asset from JP Morgan in Texas; Grandbridge arranges $21 million for a student housing community in Minnesota; and Jones Lang LaSalle brokers an Inland Empire sale by Essex Property Trust to Western National.
Prudential Mortgage Capital Company Announces Leadership Change
Prudential Mortgage Capital Company today announced that David Durning, has been named successor to David Twardock, who intends to retire from his role as president.
Greystone Leads Nation as Top FHA Loan Originator
Greystone today announced its position as the leading FHA Multifamily Loan Originator by dollar volume, according to recently released data by the US Department of Housing and Urban Development.