National
TODAY’S DEALS: Berkshire to Acquire Two Apartment Assets for $120M
Berkshire Income Realty to acquire 588 units; Hudson Capital Investments buys a community outside Houston; and Beech Street Capital provides $7.4 million for a Florida acquisition.
Crescent Developing 556-Acre Master-Planned Asset Outside Charlotte
Crescent Communities is developing a 556-acre, master-planned community in York County, S.C., that is the company’s first new residential project in the Charlotte area in five years.
Philly Investor GoldOller Buys 1,200 Units in Metropolitan Atlanta
GoldOller Real Estate Investments acquires six rental properties in metropolitan Atlanta in a transaction valued at $87.3 million.
Economy Watch: New Home Sales Down in November
Single-family sales dip in November, while durable goods orders surge 3.5 percent. More good news comes from The Federal Reserve Bank of Philadelphia, which reports that its coincident indexes for November increased in 46 states.
Stahl Begins Lease-Up at Brooklyn’s Tallest Residential High-Rise
Leasing has started at the rental units of 388 Bridge Street, a 378-unit multifamily development in Downtown Brooklyn that is the borough’s tallest residential high-rise.
TODAY’S DEALS: Stockbridge Capital Group Refinances 336-Unit Asset
HFF arranges refinancing for a community in Pasadena, Md.; Madison Realty Capital acquires an $18 million mortgage portfolio; and Great Lakes Capital invests $4.8 million in a new affordable housing development.
Economy Watch: Annualized GDP Rate at 4.1 Percent for 3Q
Revised 3Q GDP increases to an annualized rate of 4.1 percent, while state unemployment levels continue to drop, with energy-booming North Dakota leading the way with a jobless rate of 2.6 percent.
TODAY’S DEALS: Walker & Dunlop Arranges $43.5M for New Orleans Acquisition
Walker & Dunlop provides $43.5 million for a New Orleans acquisition; Apartment REIT Home Properties acquires 252 units; and Johnson Capital arranges $5.4M loan for purchase of affordable apartment community.
Economy Watch: National Association of Realtors Reports Existing Home Sales Dropped
The National Association of Realtors reported total U.S. existing home sales, including single-family, condos and co-ops, dropped 4.3 percent in November compared with October, down to an annualized rate of 4.9 million units.
TODAY’S DEALS: NGKF Completes $30M Sale of Flushing Redevelopment Site
A NGKF sale paves the way for a mixed-use development; Spirit Bascom Ventures acquires its second N.Y. property in a $33.1 million transaction; and Centerline closes $28.3 million in Fannie Mae financing for a multi-property deal in the Southeast.