National
TODAY’S DEALS: Holliday Fenoglio Fowler Closes Sale of Houston Apartments
HFF has closed the sale of a 318-unit complex in Houston; Grosvenor Investment Management U.S. Inc. commits $93 million; and Johnson Capital closes a Louisiana apartment loan.
Economy Watch: More U.S. Homeowners Underwater in Fourth Quarter
The housing hangover continues; the House holds hearings on the future of the GSEs; and Bernanke beats his drum about the perpetually ballooning deficit.
SPECIAL REPORT: Mortgage Bankers See Turning Point in CRE
San Diego–Mortgage bankers acknowledge that the commercial real estate sector has stabilized, property valuations have recovered, and liquidity has returned to the sector, but they are also cautious about the future.
TODAY’S DEALS: Continental Real Estate Companies Brokers $15M Apartment Sale
Continental Real Estate Companies has completed a $15 million apartment sale in Florida; Hendricks & Partners brokers the sale of Palms Patio Apartments in San Diego; and Venture West Funding has arranged $10.2 million in loans with CapitalSource.
Kudos from Multifamily Organizations for Administration’s Green Building Initiative
Washington, D.C.–The Obama administration’s Better Buildings Initiative is being welcomed by two multifamily industry organizations as well as the U.S. Green Building Council.
TODAY’S DEALS: JV Development Group Breaks Ground on Dallas Mixed-Use Project
A JV has started contruction on a new mixed-use development in Dallas; NAI brokers the aquisition of 119-unit property to be converted to affordable housing for seniors; and NorthMarq Capital arranges a $27.5 million mortgage for a 444-unit apartment complex in Virginia.
WEB FEATURE: Compensation Trends in Multifamily
After a couple tough years of trimming budgets and tightening belts, the commercial real estate industry is seeing compensation and hiring return to pre-crash levels, with the multifamily sector showing exceptional stability.
TODAY’S DEALS: HFF Secures $53M in Financing for Mixed-Use D.C. Apartment
Holiday Fenoglio Fowler has secured $53 million in financing for a 231-unit mixed-use project in Washington, D.C.; A Woods Partners development was completed in Massachusetts; and NCB deploys capital to support low- and moderate-income communities.
Economy Watch: Retailers See Strong Sales in January
Winter woes did not stop consumers from spending in January; Bernanke reports good news for economic recovery, with one caveat; and ISM’s Non-Manufacturing Index shows some industries on the uptick as well.
TODAY’S DEALS: Senior Living Investment Brokerage Closes Two Sales Totaling $24.5M
Senior Living Investment Brokerage completes two sales; Prometheus obtains new fee-management account; and Raymond James provides tax credit equity.