News
Economy Watch: Investors Wait on Word From ECB
Last week, investors seemed to pause while they were waiting for Fed chairman Ben Bernanke to speak some magical words. This week, the markets seem to be stuck in neutral waiting for ECB president Mario Draghi to outline his central bank’s plan to “save the euro,” to put it in (overly) dramatic terms.
Inside the Deal: Shore: The Largest HUD Financed Project in LA
The $125 million Federal Housing Administration (FHA)-insured loan provided for the 544-unit Shores in Marina del Rey is the largest Section 221(d)(4) completed in the history of the Los Angeles Department of Housing and Urban Development (HUD) office.
Investor Buys Austin Apartment Property
Falcon Southwest has purchased the 324-unit Deerfield Apartments from Nevins Adams Lewbel Schell. The property is located close to Mopac Expressway about 10 miles southwest of downtown Austin, Texas.
MHN Interview: The CEO of Campus Crest Communities on Why Socialization is Key in Student Housing
MHN talks to Ted Rollins, CEO of Campus Crest Communities, about why the student housing industry is currently booming, and why, in his properties, amenities take a backseat to promoting socialization among residents.
Waterton Associates Acquires Arizona’s Andante Apartments
Chicago-based multifamily company Waterton Associates has acquired Andante Apartments, a 576-unit community in the upscale Ahwatukee Foothills area south of Phoenix.
TODAY'S DEALS: Bascom Arizona Ventures Grabs a Class-A Asset
Bascom completes a $27.2 million purchase; Steadfast Income REIT acquires a property in Louisville; and HFF closes the sale of a 240-unit community in Dallas.
Walker & Dunlop Completes Acquisition of CWCapital LLC
Walker & Dunlop Inc. announced it successfully completed the acquisition of CWCapital LLC, making it one of the largest commercial real estate lenders in the United States.
Freddie Mac Announces Eleventh $1 Billion Multifamily Securities Offering This Year, K-020
Freddie Mac announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities.
Economy Watch: Homes See Significant Annual Increase in July
CoreLogic reported on Tuesday that home prices nationwide, including distressed sales, increased by 3.8 percent in July 2012 compared to July 2011.