News
Economy Watch: Black Friday Sales Up; Most States See Unemployment Drop
According to the National Federation of Retailers, U.S. shoppers made a record 247 million visits to physical stores and websites over Black Friday weekend, up from 226 million last year (the number of unique shoppers making those visits was 139.4 million adults).
Houston Highrise Gets Construction Loan
PM Realty Group has obtained a construction-permanent loan for 2929 Weslayan, a 254-unit high-rise project in Houston.
Heritage Group Helps Ridge Capital Investors Acquire Two California Communities
The Heritage Group, a San Diego-based commercial real estate management and investment advisory firm, has raised the capital for two San Francisco Bay area multifamily properties acquired by Ridge Capital Investors.
TODAY’S DEALS: Colliers Brokers Georgia Sale
Colliers brokers a 296-unit sale; NorthMarq completes $20.5M in acquisition financing; and Related Group buys a Miami development site for $18.5 million.
Pamela Bennett Elected 2013 President of the Association Executive’s Council of the National Apartment Association
Pamela M. Bennett, CAE, CAM executive director of the Apartment Association of Greater Philadelphia has been elected 2013 President of the Association Executive’s Council of the National Apartment Association.
Arbor Appoints Zachary Rechler as Director in New York Office
Arbor Commercial Mortgage LLC announced the appointment of Zachary Rechler as director in the company’s New York City office.
Toys For Tots Comes To Luxury Residences in Atlanta
The Atlantic, The Vue at Park Towers and Lenox Hills are taking part Toys for Tots toy drive in partnership with local U.S. Marine Corps Reserve Units.
Freddie Mac Prices New $5.5 Billion Five-Year Reference Notes® Security
Freddie Mac recently announced that it priced its new 0.75 percent five-year USD Reference Notes® security due on January 12, 2018.
Supportive Housing for Veterans Planned for N.J. Multifamily Community
The Architectural Team has designed Valley Brook Village, a planned 62-unit veteran supportive multifamily community in Lyons, N.J., which will offer on-site resident services including a variety of individually tailored outpatient treatment and job training programs.
Economy Watch: Existing Home Sales See Healthy Increase
Existing U.S. home sales were up to an annualized rate of 4.79 million units in October, according to the National Association of Realtors.