News
Economy Watch: Pro-Bailout Party Ekes Out Victory in Greece
Polls closed in Greece at noon Eastern time on Sunday, and preliminary results indicated that the pro-bailout New Democracy party won about 30 percent of the seats in the Greek parliament.
Will City Council Grant $5M to Blue Star Phase II Project?
By Camelia Bulea, Associate Editor The project that could redevelop the Big Tex site is closer to reality after years of financing problems. The San Antonio city council is currently weighing the possibility of offering an incentive package of more than $5 million to revitalize the project. The development on the 7.5-acre riverfront property is […]
Florida Apartment Complex Wins $19M Refi
Epoch Properties recently secured a seven-year, $19.3 million fixed-rate loan for Wildflower Apartments, a 201-unit apartment property in Gainesville, Fla.
N.C. Nonprofit Organization Wins National Green Certification
Affordable Housing Management Inc. has been named a 2011 NAHB Research Center Green Partner of the Year.
TODAY’S DEALS: Bluerock, Bell Partners Grab a Tennessee Asset
Partnership buys a 252-unit asset; Gerson Bakar & Associates complete a 300-unit acquisition near Portland, Ore.; and Alliant Capital completes loan with a 3.81 percent interest rate.
California Affordable Housing Fund Closed by WNC
WNC, a national investor in community renewal and affordable housing projects, has closed WNC Institutional Tax Credit Fund X, California Series 10. The $50 million multi-investor Low Income Housing Tax Credit (LIHTC) fund will finance eight affordable housing projects.
Economy Watch: Foreclosures on the Rise
RealtyTrac reported that U.S. foreclosure filings spiked 9 percent in May compared with April, by which the company means an aggregation of properties vexed by default notices, scheduled auctions or bank repossessions.
TODAY'S DEALS: HFF Completes $57M Atlanta Sale
HFF closes the sale of an Atlanta asset to TA Associates Realty; The Cantrell Co. brokers the sale of a distressed asset in Dallas; and NorthMarq Capital’s Greg Duvall completes four market-rate financings through AmeriSphere.
SPECIAL REPORT: Real Estate Recovery, Rebounding Investment Noted at ULI Conference
Among the concerns cited by speakers at the Urban Land Institute’s recent Real Estate Capital Markets Conference held in New York are the relative dearth of debt capital, possible refinancing difficulties ahead and the current and potential effects of the European economic crisis.
Entrata Announces Release of New Property Management Software
Entrata recently announced its upcoming release its new property management software.