National
Could Obama’s New Mortgage Plan Solve the Housing Crisis?
Could the changes to the Home Affordable Refinance Plan be the solution to the housing crisis–and economic recession–that we’ve been looking for?
TODAY’S DEALS: JV Breaks Ground on Luxury Tower
Fifield Companies, Wood Partners break ground on a 34-story luxury community in Chicago; Praedium Group, Chartwell Holdings buy a community in Florida for $32 million; and NorthMarq arranges a $28.5 million mortgage for a Class A apartment property.
Renters Pose Slightly Higher Credit Risk in Third Quarter, Says CoreLogic
Amid job growth in the current weak economy that’s only keeping up with population growth, rental applicant credit quality was down a bit between the second quarter of this year and the third.
TODAY’S DEALS: ARA Brokers $85M Sale of Seniors Housing Community
ARA brokers the sale of a 350-unit seniors housing community in Naples, Fla.; Western National buys a luxury apartment community for $95.4 million; and Cohen Financial helps restucture and extend a distressed apartment CMBS loan.
Salt Lake County Offers Financial Support for High-Density Development Along TRAX Line
By Gabriel Circiog, Associate Editor Salt Lake County has shown its financial support for a proposed high-density development along the new TRAX line running through West Jordan. The 40-acre project, located at 9000 S. Bangerter Highway, will include 1,400 residential units and commercial buildings. The Salt Lake Tribune reports the County Council agreed to approve […]
TODAY’S DEALS: Home Properties Buys 937-Unit Property in Virginia
Home Properties completes the largest single property acquisition in company history; Northbridge Companies breaks ground on a 110-unit assisted living community; and NorthMarq Capital arranges mortgage carrying sub-4 percent interest for 35-year term.
Freddie Mac Says Multifamily Firing on All Cylinders
In its most recent U.S. Economic and Housing Market Outlook, Freddie Mac affirms the strength of the multifamily market.
TODAY’S DEALS: Red Mortgage Capital Completes $29.3M Financing
Red Mortgage Capital completes a $29.3 million financing for a Bell Partners acquisition; Grosvenor’s $100 million residential fund is fully invested; and Lee & Associates’ Berzack Group closes three transactions in Los Angeles County.
TODAY’S DEALS: Greystar Picks Up 500-Unit Community in Minneapolis Suburb
Greystar purchases a community in Minnesota for $54.7 million; Beech Street Capital provides $13.8 million in Fannie Mae loans for three Texas communities; and Centerline Capital closes a $11.9 million multifamily refinance in 30 days.
TODAY’S DEALS: CBRE Arranges $78.7M for Virginia Acquisition
CBRE Capital Markets arranges a $78.7 million mortgage for a Virginia acquisition; McCann Realty Partners buys a community in Fort Worth, Texas; and rarely traded properties totaling $30.43 million in asking price hit the market in Cleveland.