National
TODAY’S DEALS: Aztec Group Secures $7.5M for Fractured Condo
Aztec Group provides financing for 144 units in Fort Lauderdale; Cohen Financial secures $37 million for five properties; and Marcus & Millichap brokers a 259-unit sale in South Carolina.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
Quilvest, Greystone Join Forces to Buy Apartment Properties
Greystone and Quilvest & Partners have formed a joint venture to acquire U.S. multifamily assets. According to the partners, the initial target markets will be in the Southeast, mid-Atlantic and Midwest.
TODAY’S DEALS: Grandbridge Closes $33.3M for South Carolina Acquisition
Grandbridge closes financing for a 325-unit acquisition in South Carolina; Berkadia originates $9.1 million for a Washington buy; and NorthMarq Capital secures a 12-year bank refinance loan for affordable housing in Hoboken.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
Economy Watch: Existing Homes Sales Drop in January
Weather is blamed for slow single-family sales and the G20 announces plans for structural reforms to facilitate global growth.
David Durning: Construction Financing from an Insurance Company
VIDEO: David Durning, president and CEO, Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
TODAY’S DEALS: Cornerstone Acquires Baltimore Apartment from The DSF Group
HFF brokers the sale of a 14-story high-rise in Baltimore; Berkadia provides $28 million for two Texas acquisitions; and RED closes a $26.2 million seniors housing construction loan.
Economy Watch: Mortgage Delinquencies Closer to “Normal” Levels
The MBA reports a decrease in residential delinquencies, while Bureau of Labor stats show that the the Consumer Price Index increased 0.1 percent in January.