News
Vantage and Angelo, Gordon & Co. Acquire AIG’s Jersey Multifamily Portfolio
New York–Vantage Properties and Angelo, Gordon & Co. have acquired AIG’s Central New Jersey Multi-family Portfolio, comprised of six multifamily rental properties totaling 2,200 units.
TODAY’S DEALS: CBRE Sells Luxury Community in Cincinnati
CB Richard Ellis sells a 231-unit high-rise apartment in Cincinnati; Arbor completes a $40.7 million loan that refinances a 654-unit affordable housing community in Newark, N.J.; and Walker & Dunlop closes $8.6M refinance in Las Vegas.
Selin Joins Wilson Company as CFO
Tampa, Fla.–The Tampa-based Wilson Company has appointed Doug Selin to the position of chief financial officer.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
Keystone Crossing Project Elevates Indy Luxury Rental Market
Flaherty & Collins Properties is transforming one of two Sheraton Hotel towers at I-465 and Keystone Avenue on Indianapolis’ north side into a new high-rise luxury apartment building.
Economy Watch: June Jobs Numbers Really Just More of the Same
“Unchanged” statistics mean bad news for unemployment; outstanding consumer credit edged upward in May; and Washington is no closer to averting a U.S. debt default.
Walker & Dunlop Hires Taylor as SVP of Multifamily Finance
Bethesda, Md.–Douglas L. Taylor has joined Walker & Dunlop as senior vice president of the multifamily finance division.
TODAY’S DEALS: HFF Secures $167M for 1,523-Unit Community in Denver
HFF arranges $167 million in financing for a 1,523-unit community in Denver; JLL closes the sale of a 512-unit community north of Seattle; and Boston Capital completes a $244 million tax credit fund.
Campus Suites Communities Go to Head of Class
Orlando-based Campus Suites is figuring out that today’s student housing market has a higher expectation built in than it once did.
Economy Watch: Employment Numbers Disappoint Severely in June
The number of jobs created in June was far offset by the number lost; a bill is introduced that would merge Fannie and Freddie; and the debt ceiling clock ticks loudly.