News
Economy Watch: New Home Sales Edge Up
New home sales were up in July to an annualized rate of 372,000 units, compared with a revised June total of 359,000, according to the Census Bureau.
MHN Interview: What’s Old is New Again with GDC
GDC Properties recently completed an adaptive-reuse luxury community in DUMBO, Brooklyn. MHN speaks with Adam Ginsburg, co-chairman of GDC Properties, about this development and why he feels there’s a benefit to rehabbing older commercial properties into residential communities.
TODAY'S DEALS: ZOM, Northwestern Mutual Break Ground in Florida
A joint venture breaks ground in Palm Beach County; Greystone Funding Corp. originates $73.7 million for two affordable assets in New York; and Alliant Capital converts the interest rate of a $5.86 million ARM to 3.99 percent.
Bedok Mall Joins Bedok Residences in Ambitious Mixed-Use Development in Singapore
The Singapore mixed-use market is on track to see a large project take shape as the Bedok Mall, the area’s first major shopping mall, was announced for Q4 of 2013.
Industry Veteran Starry Joins McShane Development as Vice President – Multifamily
McShane Development Company is pleased to announce that 16-year real estate veteran, Carl Starry, has joined the firm as vice president – multifamily to provide growth and expansion to the firm’s multi-family development platform.
MBA Releases 2012 Mid-year Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2012.
Chicago Investor Buys South Side Property, Plans Rehab
Tricap Chicago, an apartment property specialist, has acquired a 31-unit apartment building on South Greenwood Ave. in Hyde Park’s Kenwood neighborhood.
Crescent Resources Opens Student Housing in Texas
Crescent Resources has opened Circle West Campus, a student apartment community located at the intersection of West 25th and Longview Streets by the University of Texas.
MARKET SNAPSHOT: Shortage of Available Inventory Favoring Landlords, Sending Vacancies to Floor in Boston
Vacancy in Boston continues to pace well below the national average, even beginning to rival lows seen in cities like New York and San Francisco.
Economy Watch: Existing Home Sales Edge Up in July
According to the National Association of Realtors, total U.S. existing-home sales grew 2.3 percent to an annualized rate of 4.47 million in July from 4.37 million in June, coming in at 10.4 percent above the 4.05 million-unit rate in July 2011.