News
TODAY’S DEALS: Eustis Closes Loans on Two Louisiana Apartment Communities
Eustis Commercial Mortgage Corporation closes loans on two Louisiana apartment communities; AFL-CIO provides $4.7 million of union pension capita for senior cooperative housing; and Essex Realty Group brokers $1M sale of vintage apartments in Chicago.
Economy Watch: Existing Home Sales Take a Dive
Tight credit contributes to home sales dropping; the Treasury will start selling some of the mortgage-backed securities it acquired after the 2008 crash; and the Chicago Fed’s National Activity Index registers a downtick.
Owners of SF’s Fairmont Hotel Push to Go Half-Condo
San Francisco–The joint owners of the Fairmont Hotel in San Francisco are eager to move forward with a business plan that will make the property more relevant in the current environment.
TODAY’S DEALS: Pierce Education and Partners Group Acquire Tempe Student Housing
Pierce Education and Partners Group purchases student housing in Tempe, Ariz.; Tikijian Associates sells Midwest property on behalf of Aimco; HFF secures $39.9 million in financing for an eight-property portfolio in San Francisco.
New Exhibit Explores Green Neighborhood Design
Washington, D.C.–The U.S. Green Building Council’s “Neighborhoods Go Green! Scaling up Sustainability” exhibit recently opened in Washington, D.C.
‘On the Ground’ with Eric Brown: Why Are You Poking Your Best Customers in the Eye?
Are you raising the rent across the board on each renewal? If you are, you are poking your best customers in the eye at lease renewal.
New Student Housing Breaks Ground at University of La Verne
La Verne, Calif.–Hanover Pacific L.L.C. has broken ground on a 378-bed, 103,250 square-foot mixed-use student housing property at the University of La Verne.
Economy Watch: A Week Later, Crisis in Japan Still Reverberates
The economic impact of the disaster in Japan is still uncertain; Republicans propose a GSE plan very similar to Obama’s; and the yen took a dive, as orchestrated by the Group of 7.
Staybull Flooring Offers Recycled Wood Options
Staybull Florring solves industry-wide problems such as wood waste, carbon emissions and toxic materials by producing a unique recycled wood product that offers a variety of eco-advantages.
Inflation Is Imminent, Says Analyst
Could higher inflation be around the corner? “The general expectation is that inflation is coming. The question is when, and by how much,” says a research analyst at a U.S. ratings agency.