National
Chicago-based REIT Acquires 235-Bed Student Housing Property in St. Paul
By Gabriel Circiog, Associate Editor Chicago-based real estate investment firm Harrison Street Real Estate Capital has closed on a 235-bed student housing property dubbed Stadium Village Flats, the Minneapolis / St. Paul Business Journal reports. Situated at the University of Minnesota in St. Paul, the Stadium Village Flats were sold by the Opus Group. The […]
TODAY’S DEALS: MAA Enters Kansas City Market with 323-Unit Purchase
MAA enters Kansas City; Bluerock completes a disposition in Austin; and Boston Capital invests in an affordable seniors development in West Roxbury, Ma.
Economy Watch: Household Worth Drops Slightly in 2Q
The Federal Reserve said in its second quarter 2012 Flow of Funds report on Thursday that U.S. household net worth was $62.7 trillion in 2Q12, a slight decline compared with the first quarter.
TODAY’S DEALS: IPA, Rockefeller Group to Develop Arizona Apartments
A JV begins a $57.5 million asset in Arizona; ARA brokers the sale of a community in Golden, Co.; and HFF closes the sale of an iconic six-property Chicagoland portfolio.
Economy Watch: Residential Starts Up
In another sign that the housing market is getting some traction, U.S. housing starts were up in August to an annualized rate of 750,000 units, according to the Census Bureau.
TODAY’S DEALS: Fairfield Residential Buys 408-Unit Asset
Fairfield Residential buys a Tempe, Ariz. asset; Behringer Harvard invests in TDI’s Allen, Texas, development; and NorthMarq Capital arranges a $36.3 million Freddie Mac mortgage for student housing.
Economy Watch: Homebuilders Feeling Better
The National Association of Home Builders reported that its housing market index increased 3 points in September to 40.
TODAY’S DEALS: SC Bodner Co. Sells $23M Asset
ARA completes a $23 million sale; Inland buys a 272-unit asset in Bradenton, Fla.; and Centerline Capital Group refinances a property in Illinois with a $6.5 million Fannie Mae loan.
Economy Watch: Manufacturing Sector Running Out of Steam
The Empire State index unexpectedly decreased to negative 10.4 in September from negative 5.9 in August, according to the New York Federal Reserve’s manufacturing survey, which was released on Monday. It’s the lowest reading since November 2010.
TODAY’S DEALS: Braxton Begins Second Phase of Arkansas Asset
An Arkansas asset gets a second phase; The Infinity Group sells a community in Louisville, Ky., for $22.5 million; and Berkeley Point Capital supplies $52.32 million in Fannie Mae financing for a student housing property.