News
Freddie Mac Announces First K Certificates Offering Backed Only by 5-Year Multifamily Mortgages
Freddie Mac today announced its first offering of Structured Pass-Through Certificates (“K Certificates”) backed exclusively by multifamily mortgages with a 5-year term.
Jasper by Alta Benefits from Heritage of Seattle’s Wedgwood Enclave
Wood Partners announced pre-leasing has begun at its Jasper by Alta apartment community in Seattle’s unique and historic Wedgwood community.
Economy Watch: Consumer Sentiment Edges Down in February
Consumers were a little miffed in February, according to the latest Reuters/University of Michigan’s consumer sentiment index, which dropped to 74.3 during the month, against the expectations of economists predicting another rise.
Fannie Mae Prices $767 Million Multifamily DUS REMIC Under Fannie Mae GeMS Program
Fannie Mae priced its third Multifamily DUS REMIC in 2012 totaling $767 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on March 14, 2012.
TODAY'S DEALS: Savanna, Pantzer Partner to Close $196M Purchase
Savanna joins Pantzer Partners in the ownership of a large Long Island asset; AREA partners with Harbor Urban on a Seattle apartment initiative; and Beech Street Capital provides $7.8 million for the refinance of an apartment community in New York state.
Neptune Apartments Sold to Price Brothers
By Gabriel Circiog, Associate Editor Highwoods Properties has sold Neptune Apartments to Overland Park developer Price Brothers for $11 million, The Kansas City Star reports. The Country Club Plaza has been at the center of public attention for some time, with the Neptune Apartments at the epicenter of an ensuing battle. The North Carolina owner […]
The Village at Market Creek Awarded LEED-ND Silver Certification
By Gabriel Circiog, Associate Editor The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by the United States Green Building […]
Ranieri Buys Deutsche Bank Multifamily Mortgage Unit
Ranieri Real Estate Partners LP, a real estate financial services company, and private equity funds affiliated with WL Ross & Co. LLC have completed of the acquisition of Deutsche Bank Berkshire Mortgage, formerly a subsidiary of Deutsche Bank, for an undisclosed amount.
M West Completes Acquisition of Lofts In L.A. Arts District
Once, the building in downtown Los Angeles served as the distribution warehouse for the Los Angeles grocery chain J.R. Newberry Company, founded in the late 19th Century. Last week, what had since come to be called 900 East 1st Street Lofts was acquired by M West Holding.
Economy Watch: Foreclosures Not Spiking Just Yet
A tide of foreclosures in the wake of the robo-signing settlement is now conventional wisdom among economists and others who track the drab state of the housing, but according to the latest numbers from RealtyTrac, the tide isn’t rising quite yet.