National
Economy Watch: Housing Starts Take Small Dip
According to the Census Bureau on Thursday, housing starts dropped in July to an annualized rate of 746,000.
TODAY'S DEALS: CBRE N.E. Sells 550-unit Massachusetts Asset
CBRE N.E. Partners sells a 550-unit TOD community; HFF secures $27 million for a Texas asset; and Johnson Capital arranges $20.1 million in 35-year amortization loans for two assisted-living complexes.
Economy Watch: Homebuilders Even More Optimistic
The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
Economy Watch: Retail Sales See Unexpected Spike
Consumers unexpectedly went shopping with more brio than expected in July, according to the U.S. Census Bureau on Tuesday.
TODAY'S DEALS: USAA Real Estate Co., Cambridge JV Breaks Ground in San Antonio
A joint venture breaks ground on the first phase of a mixed-use development; Beech Street Capital closes $371M in Freddie Mac CME loans as 10 Baltimore assets are recapitalized; and a three-property LIHTC portfolio sells for $31,741 per unit.
TODAY'S DEALS: Florida Asset Trades for $42M
ARA arranges the sale of a Florida asset for $42 million; The RADCO Cos. acquires a 402-unit portfolio in Georgia; and Walker & Dunlop provides a $9.5 million interim loan for a stabilizing property.
Cranes Move, Construction Begins at Buckhead Atlanta
By Georgiana Mihaila, Associate Editor Lifeless cranes will no longer stand watch over the luxury mixed-use development formerly known as Streets of Buckhead; developer OliverMcMillan, who took over the project in May 2011, has reportedly restarted work on the 1.5-million-square-foot mixed-use project now entitled Buckhead Atlanta. The Atlanta Business Chronicle reports that the San Diego-based […]
Private Investment Venture Snags All Foreclosed Properties in Macomb County for $4.9 M
By Veronica Grecu, Associate Editor Former yacht dealer and millionaire Bill McMachen and an unnamed partner snapped up all foreclosed properties in Macomb County at a public auction held last week at Freedom Hill in Sterling Heights. For $4.9 million or an average of $7,500 per property, the two buyers acquired an unprecedented lot of […]
Economy Watch: Drought Worsens, Global Food Prices Will Go Up
Food prices are expected to surge worldwide as part of a cascade of ill effects from the intense drought in the United States.