News
Economy Watch: Existing Home Sales Edge Down
Existing home sales dropped 1.7 percent in September to an annualized rate of 4.75 million units, including both single-family and multifamily, according to the National Association, with August’s rate revised upward to 4.83 million.
Mixed-Use Property Planned Near Nationals Ballpark
Grosvenor Americas and Skanska USA Commercial Development have unveiled plans for a 650,000-square-foot mixed-use project directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, D.C.
TODAY’S DEALS: Berkeley Point Capital Lands $40M for Houston Buy
Berkeley Point Capital sources $40 million for a Houston purchase; IPA brokers the sale of two assets in Reno for $35 million; and HFF secures $91 million in construction/permanent financing for Cathedral Commons.
Increase NOI by Setting Up Home Services for Residents
In a recent webinar called “Ancillary Income: Enjoy Increased NOI By Helping Residents Set Up Home Services,” hosted by MHN and sponsored by NWP, Chris Finetto of NWP and Jason Scutt of CSI and MyServicesNow demonstrated the benefits of bundling technology packages for residents.
World-Scale Urban Redevelopment Project Planned For Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3 billion-plus mixed-use project in downtown Toronto.
Burj Khalifa Developers Announce New Mixed-Use Projects Worth Hundreds of Millions
Developer of the Burj Khalifa, Emaar Properties PJSC has recently launched two ambitious projects: the mixed-use Emaar Square in Uptown Cairo and Boulevardi in Cairo.
Condominium Residences Auctioned in Hyattsville
Resource Real Estate is auctioning 33 Maryland condominium residences.
Economy Watch: Unemployment Claims Bounce Back Upward
Proving itself to be the volatile indicator that it’s frequently asserted to be, the number of initial unemployment claims spiked upward for the week ending October 13th to 388,000, according to the U.S. Department of Labor.
Funding in Place for Massachusetts Affordable Property
Funding is falling into place for Tri-Town Landing, Phase II, a 33-unit affordable development in Lunenburg.
TODAY’S DEALS: Distressed Miami Property to See New Life with $20M Redevelopment
A $20 million affordable redevelopment breaks ground in Miami; Bridge Partners buys a 352-unit asset; and Mesa West Capital provides $21 million in acquisition financing.