News
TODAY’S DEALS: TIAA-CREF Lands $92.6M Acquisition Financing for Luxury Asset
HFF arranges $92.6 million for an acquisition; Excel Trust picks up an apartment asset in a $263 million retail-focused buy; and NorthMarq Capital arranges $14.14 million in combined mortgages for two properties in Omaha, Neb.
Luxury Atlanta Community Draws Attention from Renters
Midtown Atlanta’s tallest residential high-rise, The Atlantic, is attracting a lot of interest from potential renters. The community is the third acquisition of Class-A Atlanta real estate for Crescent Heights.
Berkeley Point Capital’s Santa Monica, CA Loan Origination Team Expands with the Hiring of Alex J. Katz
Alex J. Katz recently joined Berkeley Point Capital LLC as a director in its Santa Monica, Calif., office.
Fort Worth Housing Authority to Develop 18 Affordable Housing Units
The Fort Worth Housing Authority is restoring a historic building located east of downtown Fort Worth and combining it with new construction to create 18 affordable housing units to be called the Knights of Pythias Lofts.
Prevent Mold Problems Before They Start with Flood Buzz
Mold. The stuff that nightmares are made of—at least for building owners and property managers. Sleep easier knowing that Flood Buzz Pro is there to alert you when the water hits the floor.
Economy Watch: Residential Delinquencies Jump in September
LPS reported on Monday that the U.S. mortgage delinquency rate rose to 7.4 percent in September from 6.87 percent in August, a month-over-month spike of 7.72 percent.
Second Phase of Charlotte’s Sharon Square Coming Soon
Pappas Properties and Allen Tate Co have unveiled plans for the second phase of Sharon Square, a mixed-use property located at the corner of Sharon and Fairview Roads in the SouthPark district of Charlotte, Va.
TODAY’S DEALS: Jones Lang LaSalle Obtains $103M for Prime Properties
Jones Lang LaSalle secures $103 million in senior financing for two multifamily properties on behalf of Fairfield Residential; EdR and University of Kentucky enter Phase II on a student housing replacement initiative; and Colliers completes two REO sales totaling over $20 million in Los Angeles.
Debra W. Still, CMB, Elected 2013 MBA Chairman
he Mortgage Bankers Association (MBA) today announced the election of Debra W. Still, CMB, president and CEO of Pulte Mortgage LLC, as the 2013 chairman of MBA at the association’s 99th Annual Convention & Expo in Chicago. E. J. Burke, executive vice president and group head, KeyBank Real Estate Capital and Corporate Banking Services, was named chairman-elect of MBA, while Bill Cosgrove, CMB, president and CEO of Union National Mortgage Company, was named vice chairman.
Long Island City’s The Industry LIC Now Sold Out
Commuting ease to Manhattan, modern design features and eye-popping skyline views are among factors that resulted in The Industry LIC luxury condominium recently reaching sold-out status.