News
Booming Business Opportunity
The 65-plus demographic will remain the fastest growing for the rest of the decade.
The Long Road
After decades of sub-optimal performance, multifamily in the Midwest becomes a prime attraction for investors and developers.
Top Deals of 2012
Multifamily retains its momentum, though some markets are plateauing in price.
Union Station District Apartments Under Way
Work has started on Alta City House, a 281-unit apartment property in the Union Station neighborhood of Denver.
Ground Broken on Hudson Yards, The Largest Undeveloped Property in Manhattan
Construction began today at Hudson Yards, formerly the largest undeveloped property in Manhattan. Related Companies and Oxford Property Group broke ground on the site, which, when completed, will feature retail space and 5,000 residences.
TODAY’S DEALS: Prudential Mortgage Capital Provides $71M for Manhattan Asset
Prudential arranges $71 million for a Manhattan refinance; Camden Property Trust buys a development site in Florida; and Alliant Capital completes a $1.4 million refinancing.
New Boston Fund Names New VP of Acquisitions in the Southeast
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced the promotion of David Schneider to vice president of acquisitions for the Southeast region.
Beech Street Capital Recruits Charlie Mentzer to Lead Atlanta Office
Beech Street Capital LLC announced that it has recruited Charlie Mentzer, an experienced originator with extensive agency experience, to manage the firm’s Atlanta office.
Freddie Mac Announces 17th Multifamily Securities Offering This Year, K-023
Freddie Mac announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.