News
Nancy Packes and Cooper Square Collaborate on New Developments
New York–Nancy Packes and Cooper Square Realty have formed an exclusive joint venture to bring their respective areas of expertise to new development projects.
TODAY’S DEALS: Beech Street Provides $32M Refinance to 648-Unit Property
Beech Street Capital provides a $32 million refinance for a 648-unit property in Delaware; Walker & Dunlop provides a $5.6 million refinance loan for a Vermont property; and Colliers negotiates the sale of two properties in Phoenix.
Economy Watch: Homebuilders Remain Dour
Builder confidence remains mired in pessimism; the economy is still the biggest concern for most Americans; and the United States has officially hit its debt ceiling, meaning default looms large.
Non-Profit Community Developers Face Challenging Financing Environment
A constrained funding environment is a key challenge facing non-profit community development companies today, says Eileen Fitzgerald of NeighborWorks America.
USGBC Introduces Multifamily Midrise Design Competition
The Multifamily Midrise Design Competition calls on participants to present a design for a mixed-use multifamily community in New Orleans.
Harlem Low-Income Property Rehabilitation Complete
New York–In the last five years, Tahl Propp Equities’ Gateway I in Harlem has made a remarkable turnaround, with recent rehabilitation achieving a 91 REAC score.
TODAY’S DEALS: Kislak Brokers $27.3M Short Sale of Philadelphia High Rises
Kislak completes a $27.3M short sale, and NorthMarq arranges a seven-year Freddie Mac loan.
Avison Young to Relocate Headquarters, Reduce Carbon Footprint
Toronto–Avison Young is moving its headquarters to a new, greener office tower, as a way to lead by example in striving toward sustainability.
Economy Watch: Price Spike, Led by Usual-Suspect Gasoline
While the consumer price index rose in April, led by food and energy, real hourly earnings fell behind. And while the Sahara in Vegas closes, another giant casino opens in China.
Time Equities Expands with West Coast Office
New York–New York-based Time Equities Inc. has opened its first West Coast office in Los Angeles.