News
Hyatt Announces Plans For Its First Hyatt Regency-Branded Hotel in Bangkok
Hyatt Hotels Corporation has announced plans to open its first Hyatt Regency-branded hotel in Bangkok. Upon completion in 2017, Hyatt Regency Bangkok, Sukhumvit will join the already open Grand Hyatt Erawan Bangkok.
McKinley’s Alexandra S. Jackiw, Managing Director, Residential Client Services Assumes Helm of National Apartment Association
McKinley’s CEO Albert M. Berriz announced that Alexandra S. Jackiw assumed the helm of the National Apartment Association (NAA) as its Chair of the Board last week during the NAA 2012 Assembly of Delegates.
Mortgage Delinquency and Foreclosure Rates Decreased During Third Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarter of 2012, a decrease of 18 basis points from the second quarter of 2012, and a decrease of 59 basis points from one year ago, according to the MBA National Delinquency Survey.
MARKET SNAPSHOT: Toronto Multifamily Remains Tight as Rents Rise and Concessions Fade
While sales velocity has ticked down somewhat over the past year, prices for apartments in the city of Toronto remain extraordinarily high.
Economy Watch: Retail Sales See Downtick in October
U.S. retail sales declined 0.3 percent from September to October, according to the Census Bureau.
Pennrose Properties and dmhFund Team for First Philadelphia LGBT-Friendly Seniors Community
Pennrose Properties and The Dr. Magnus Hirschfeld Fund have begun construction on William Way, the first urban LGBT-friendly affordable senior housing development, in Philadelphia’s “Gayborhood” section.
Jersey Shore Apartments Open on Schedule
Walters Group has opened the first eight-unit building of Whispering Hills Apartments, an affordable rental property in Barnegat, N.J.
The Sterling Group Announces Opening of $7.5M Indiana Seniors Community
The Sterling Group has announced the grand opening of its new $7.5 million seniors community in Mishawaka, Ind. The community is owned by Heritage Place at LaSalle Square LP, whose partners include Memorial Hospital of South Bend and National Equity Fund, Chicago.
Today’s Deals: McCann Enters Nashville with 336-Unit Buy
McCann buys a 2009-built asset in Nashville, Tenn.; Beech Street closes $15.2 million for an acquisition; and Walker & Dunlop supplies a $3 million HUD-insured refinance loan.
The Brookhaven Acquisition a Slam Dunk for Admiral
In a joint venture with Wood Partners, Admiral Capital Real Estate Fund has acquired The Brookhaven, a 209-unit Class-A urban high-rise on the north side of Atlanta‘s exclusive Buckhead neighborhood.