News
Low Rate Environment Persists, Refinance Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey
Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012.
Economy Watch: The Bottom of the Housing Market at Last?
Zillow reported that its Home Value Index rose on an annual basis for the first time since 2007, increasing 0.2 percent year-over-year to $149,300.
TODAY’S DEALS: George Smith Partners Arranges $105M in Construction Financing
George Smith Partners arranged $105 million in construction financing for two new multifamily developments in the Inland Empire region of California; Panther Properties completes a $30.8 million purchase; and Essex buys a 276-unit asset.
UDR Closes $297.7M Multi-State Apartment Portfolio Sale
The UDR Multi-State Portfolio sale, which was inked earlier this year, has been finalized.
Picerne Military Housing Expands into the Student Housing Market
Picerne Military Housing, announced today that it is expanding to the student housing market with the launch of a new parent company called Corvias Group, and a new student housing division called Corvias Campus Living.
California Faucets Revives Art Deco
California Faucets has unveiled a new line of faucet designs that pay homage to Art Deco, the eclectic design style of that began in Paris in the 1920s and quickly spread overseas. The company’s new collection features three different faucet designs each with their own blend of retro flare.
University of Texas Study Uncovers Significant Projected Gap between Actual Water Costs and Subsidies Provided to Low-Income Housing Residents
NWP Services Corporation (NWP), in collaboration with the McCombs School of Business at The University of Texas at Austin, recently released the results of an MBA-student study exploring a wide range of water management, cost and conservation issues.
Unithree Completes $12M Rehab of Staten Island Affordable Housing Development
Unithree Investment Corp. has completed a $12 million improvement program on the Parkhill Affordable Housing Complex in Staten Island.
Economy Watch: Spain Upsets Investors Again
Investors worldwide were jittery about Spain on Monday, as the Spanish government banned the shorting of stocks on Madrid’s exchange and the Italian government did the same for the Milan exchange.
New Affordable Housing Opens in Bed-Stuy
Madison Putnam, a new 48-unit affordable housing development in the Bedford-Stuyvesant section of Brooklyn, N.Y., has opened.