National
TODAY'S DEALS: BPG Completes $20M Disposition
BPG sells a 424-unit asset; BH Properties buys a community in Phoenix for $7.3 million; and Boston Capital invests in multifamily developments in New York.
Economy Watch: Fed Holds Off on Stimulus for Now
Will the Fed try to stimulate the economy more or not? Is QE3 in the immediate future? The answer to those questions at the end of the latest meeting of the Federal Open Market Committee on Wednesday was “not yet.”
TODAY'S DEALS: Morgan Properties Grabs 558-Unit Asset
Morgan Properties buys a property for $27.4 million; Beech Street Closes a $10.5 million Fannie Mae conventional loan; and NorthMarq arranges $21.3 million in interest-only, six-year loans through a life insurance company.
Economy Watch: Case-Shiller Sees Another Monthly Uptick
The S&P/Case-Shiller monthly Home Price Indices for May (three-month averages of March, April and May), which were released on Tuesday, showed month-over-month increases for both the 10- and 20-city composites. In fact, both were up 2.2 percent.
TODAY’S DEALS: Security Properties Buys Portland Asset
Security Properties makes a value-add play; HFF lands construction financing and joint venture equity for a Virginia mixed-use development; and Advenir acquires an apartment property in an upscale submarket of Orlando, Fla. for $27.1 million.
TODAY’S DEALS: Archon Group Executes 1,164-unit Purchase
Archon Group closes on a large portfolio; Charles Dunn Co. brokers the sale of an entitled land parcel in Huntington Beach, Calif.; and Meridian Capital Group negotiates $72.8 million in financings in New York and boroughs.
TODAY’S DEALS: HFF Sources $44.5M for Denver Asset
HFF secures financing for a 328-unit asset; a community in Pennsylvania trades for $22.7 million; and Alliance originates a $4.5 million loan at 3.9 percent interest rate.
TODAY’S DEALS: HFO Completes $23M in Pacific Northwest Sales
HFO completes five sales; and Beech Street closes a $14.2 million Fannie Mae DUS loan to refinance a four-property portfolio in Brooklyn, N.Y.
TODAY’S DEALS: Post Properties Acquires Charlotte Asset for $74M
Post Properties buys a 360-unit asset; MAA completes the acquisition of a community in Atlanta; and NorthMarq arranges a $29 million three-year interest-only construction loan through a regional bank.
TODAY’S DEALS: George Smith Partners Arranges $105M in Construction Financing
George Smith Partners arranged $105 million in construction financing for two new multifamily developments in the Inland Empire region of California; Panther Properties completes a $30.8 million purchase; and Essex buys a 276-unit asset.