News
Strong Market Challenges
Multifamily remains the best-financed commercial real estate sector, but expect hurdles in acquisition/rehab financing.
As London Olympics Near Opening Ceremony, Games’ Centerpiece Gets Architectural Acknowledgment
With the London Olympic Games under way, the world turns its attention to the impressive manner the London Organising Committee of the Olympic Games has managed to transform the city into a huge venue ready to greet a number of over 10,000 athletes.
Upbeat Assessment in Ariel Property Advisors’ Q2 Report
Ariel Property Advisors’ second quarter multifamily report indicates New York City multifamily transactions increased 48 percent in the second quarter of 2012, vis-à-vis the same period one year earlier.
Economy Watch: Pending Home Sales Drop in June
The National Association of Realtors reported on Thursday that pending home sales dropped in June.
Bernards Awarded California Luxury Community Contract
Bernards, a nationally ranked commercial builder, has been awarded the construction contract for Carlyle at Colton Plaza, a multi-million dollar residential community in Irvine, Calif.
TODAY’S DEALS: HFO Completes $23M in Pacific Northwest Sales
HFO completes five sales; and Beech Street closes a $14.2 million Fannie Mae DUS loan to refinance a four-property portfolio in Brooklyn, N.Y.
Boston Apartment Market Sees Mixed 2Q Rental Rate Movements
A subsidiary of Zillow, RentJuice, reports that average asking apartment rents climbed by 4 percent in the Boston metro area in the second quarter of 2012, those same neighborhoods saw the effective cost of rental space drop.
Freddie Mac Announces the Issuance of a New Seven-year Reference Notes Security
Freddie Mac announced today that it plans to issue a new seven-year USD Reference Notes security, CUSIP number 3137EADK2, due on August 1, 2019.
The Better Housing Coalition Receives $500,000 Loan from Mercy Loan Fund and Bon Secours Health System
Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Va., will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly.