News
TODAY’S DEALS: MEPT Buys Denver Asset for $90.8M
Multi-Employer Property Trust completes a Denver buy; Centerline Capital Group provides a $17.6 million loan to a community in Rochester, N.Y.; and HFF arranges $32.08 million in acquisition financing via Freddie Mac.
Economy Watch: Industrial Production Dips Due to Sandy
Even if temporary, the storm has had an outsized impact on certain aspects of the entire economy, because it hit such a densely populated and economically active part of the Eastern Seaboard. Without the storm, industrial production would have increased for the month.
Economy Watch: CPI Increases Slightly in October
The Bureau of Labor Statistics said on Thursday that the U.S. Consumer Price Index (for all items) edged up 0.1 percent in October. Over the last 12 months, the all-items index increased 2.2 percent—a fairly low rate of inflation, and in fact roughly what the Federal Reserve sees as its target rate under its dual mandate.
Real Estate Veteran David Walker Joins Urban Partners/Harbor Urban
David Walker, a real estate veteran with more than 20 years of industry experience, has joined Urban Partners LLC and Harbor Urban LLC as vice president of Capital Markets.
Freddie Mac Announces 16th Multifamily Securities Offering This Year
Freddie Mac recently announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
September New York City Multifamily Transactions Decline
A modest decline was witnessed in New York City multifamily transactions during September, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.
MHN Interview: Kiser Group on Targeting the Mid-Market Multifamily Segment
Kiser Group, a Chicago-based commercial real estate brokerage company, focuses on the mid-market multifamily segment. MHN talks to Lee and Estella Kiser, both principals of Kiser Group, about their approach to this market.
Cooper Square Realty to Manage New Rochelle, N.Y., Luxury Building
Cooper Square Realty announced that it has been selected to manage The Lofts at New Roc, located in New Rochelle, N.Y.
TODAY’S DEALS: Zeckendorf Breaks Ground on $500M Condo
Zeckendorf and Global Holdings Inc. break ground on a luxury condo in Manhattan; Holliday Fenoglio Fowler arranges $9 million for an Austin student housing asset; and CBRE arranges $128,178-per-unit sale of renovated property.
McCann Enters Nashville Market With Apartment Buy
McCann Realty Partners has acquired the 366-unit Discovery at Mountain View Apartments in suburban Nashville, Tenn.