News
Economy Watch: Wall Street Has a ‘What-Me-Worry?’ Day
Even though it was Columbus Day, U.S. equities markets weren’t closed on Monday, and investors took advantage of the open markets to buy and then buy some more.
Mapping Your Way through Due Diligence Requirements for the FHA Loan Program
For those seeking HUD financing under its Multifamily Accelerated Process (MAP) program, environmental and engineering due diligence requirements are substantially different from those required by Government -Sponsored Enterprises (GSE) such as Fannie Mae and Freddie Mac.
PROFILE: HighPoint Holdings
HighPoint Holdings LLC, a real estate private equity firm, provides a lesson in how it is still possible to acquire Class A apartment properties at discounts in today’s markets.
Greystar to Develop Lakewood Apartments
Greystar has started construction on Lakewood Apartments, a 435- unit Class A garden-style community in Lakewood, a suburb of Dallas, Texas.
TODAY’S DEALS: Love Funding Arranges $54.4M Loan
Love Funding announced the closing of a $54.4 million loan refinancing for Parkview Towers, a 688-unit apartment community in West New York, N.J., that was the first ever project-based Section 8 property approved by the state; and ARA’s Central Florida team represents a TIC in an $89,670/unit sale.
Sycamore Buys Bank-Owned Fractured Condo Property
Sycamore Urban Properties has acquired Talus Point, a fractured condominium property, in Reno, Nev. According to public records, Sycamore paid $4.225 million for the property.
DLA Piper 2011 State of the Market Survey: Multifamily Rules
According to DLA Piper’s 2011 State of the Market survey, multifamily is the most attractive investment opportunity for real estate.
Duravit Shouts “WaterSense” from the Rooftop
Duravit recently partnered with the Spitzer School of Architecture and the Grove School of Engineering at the City College of New York to take on the U.S. Department of Energy’s annual Energy Solar Decathlon.
Economy Watch: September Jobs Report: Better Than Nothing
Recent employment trends haven’t been particularly positive. Since April, payroll employment has increased by an average of 72,000 jobs per month, compared with an average increase of 161,000 during the seven months before this April.
Luxury Student Housing GrandMarc Under Construction
Are luxury buildings a new trend for student housing? Phoenix Property Company is banking on it, with its new student housing community, GrandMarc, in Austin, Texas.