News
Economy Watch: German High Court OKs Euro-Zone Bailout
The euro-zone, and probably the world economy, dodged another bullet on Wednesday when Germany’s supreme constitutional court ruled that the country could participate in a proposed permanent European bailout fund, formally known as the European Stability Mechanism.
TODAY’S DEALS: Archstone Partnerships Grabs 237-Unit D.C. Tower
Archstone buys a luxury tower; Greystone supplies a $45 million loan for affordable housing; and Prudential Mortgage Capital originates $10 million for the acquisition of a Florida condominium.
CNL Healthcare Makes Acquisitions in Florida and Iowa
CNL Healthcare Trust Inc., a seniors housing and healthcare real estate specialist, is investing $21.6 million in an assisted living and memory care development project in Florida, and acquiring three senior housing properties in Iowa for about $18.8 million.
Niagara Conservation Partners with Green Plumbers USA to Implement New Water-Saving Programs
Niagara Conservation, a leading manufacturer of water and energy-saving products, has recently partnered with Green Plumbers USA, an innovative organization with an accredited training program that helps plumbers to understand their evolving role in improving the environment and public health.
MHN Interview: Landmark Apartment Trust of America’s CEO on Recapitalization and Baby Boomers
Landmark Apartment Trust of America Inc., a real estate investment trust, recently completed a $536 million recapitalization transaction. MHN speaks to Jay Olander, CEO, Landmark Apartment Trust, about this recapitalization, as well as why his company strategically targets baby boomers at their class-A properties.
Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development
By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, ChicagoRealEstateDaily.com reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided […]
Bascom Arizona Acquires Coldwater Springs Apartments
Coldwater Springs, a five-year-old Class-A property in Avondale, Ariz., has been acquired by Scottsdale, Ariz.-based Bascom Arizona Ventures for $27.2 million.
Institutional Property Advisors Appoints Brian T. Murdy as National Director
Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Brian T. Murdy national director, according to John J. Kerin, president and chief executive officer of the firm.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012.
Economy Watch: Job Openings Static
The Bureau of Labor Statistics reported that the Job Openings and Labor Turnover Summary found that U.S. job openings decreased in July to 3.664 million, down slightly from 3.722 million in June.