National
TODAY'S DEALS: Waterton Associates Re-Enters Phoenix With 576-Unit Purchase
Waterton Associates buys a Phoenix asset; EdR breaks ground on Phase II at Mansfield University; and Centerline Capital Group provides a FHA 223(a)(7) refinance mortgage to replace an existing 221(d)(4) loan and lower interest rate.
Economy Watch: European Rumors Move European Market
The European Central Bank has been the subject of a new wave of speculation and news reports in recent days, to the effect that the sort-of central bank for the euro-zone will begin buying bonds of the currency bloc’s weaker nations to prevent a zone meltdown.
TODAY'S DEALS: PCCP Provides $30M for Delaware Recap
PCCP provides $30 million for the recapitalization of a 214-unit asset; Fountain Residential breaks ground near Texas Christian University; and NorthMarq Capital arranges a $25.39 million Freddie Mac mortgage.
Acoustic Ceiling Panels Enhance Your Amenity Package
While sound proofing is a definite must inside units, there are certain applications where it makes sense to provide an environment with enhanced acoustics. Media rooms, business centers, lobbies and clubhouses can all benefit from better environmental acoustics, and CertainTeed has just what you need.
Economy Watch: Hindsight on the Housing Bubble From the Fed
The “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy,” which was released by the Federal Reserve on Monday, posits that the best way to prevent future housing bubbles would be to require lenders to be tougher in enforcing loan-to-income ratios for borrower.
440-Foot Tower Proposed for Seattle
By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times has released a number of […]
TODAY'S DEALS: ARA Sells 430-Unit Asset in Maryland
ARA sells a Class A asset on behalf of a JV; HFF lands acquisition financing for a Houston asset; and Grandbridge finances a $20.7 million, three-year, bridge loan.
Economy Watch: State Unemployment Inches Upward
The Bureau of Labor Statistics reported on Friday—and got more attention than usual for it, because of the upcoming election—that regional and state unemployment rates were generally little changed or slightly higher month-over-month in July.
TODAY'S DEALS: Passco Buys 240-Unit Asset in South Carolina
Passco Companies buys a Class A asset; Behringer Harvard acquires a Dallas site for a joint venture development; and NorthMarq Capital arranges a $23.5 million refinance loan.
Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin
By Camelia Bulea, Associate Editor Richard deVarga, a local developer and architect, and Robert Summers, an Austin attorney and arts advocate, recently bought 25 acres of undeveloped land in East Austin and plan to convert it into a $35 million mixed-use project that will include 150 residences along with public, studio and retail space. It […]