Regions
Economy Watch: New Home Sale Accelerate in August
Sales of new single-family houses in August were an annualized rate of 504,000 units, according to the Census Bureau and HUD.
TODAY’S DEALS: Cohen Financial Secures $167.6M Construction Loan for Miami Development
Cohen Financial secures a $167.6 million construction loan for Muse in Sunny Isles located at 17141 Collins Avenue; and Meridian Capital arranges $32 million for two mixed-use properties in New York.
Enterprise Homes Opens Seniors Housing Near Baltimore
Work has been completed on the Greens at Logan Field, an affordable seniors housing project in Baltimore County.
Meta Housing, Western Community Housing Finish San Clemente Seniors Apartments
Cotton’s Point Senior Apartments, an affordable seniors housing property in San Clemente, has been completed. The 76-unit project was a joint development by Meta Housing Corp. and Western Community Housing.
Iconic Jersey City Art and Theatre Group Opens At Journal Square
Art House Productions, Inc., a not-for-profit organization dedicated to the advancement of the arts in Jersey City, opened a new 8,300-square-foot building in the revitalized neighborhood of Journal Square.
Applicant Credit Risk Improving Alongside Increases in Rental Prices
A recent report by TransUnion has found that rental applicant credit risks improved by 0.8 percent between Q2 2013 and Q2 2014 despite increases in rent prices.
TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community
Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.
New-Home Sales Top 500,000 in August, Highest Level Since 2008, Says NAHB
Sales of newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
KTGY-Designed Student Housing Opens at WesternU
Architecture and planning firm KTGY Group and student housing developer Hanover Pacific have announced the unveiling of the Daumier at Western University of Health Sciences in Pomona, Calif.
Economy Watch: Home Price Increases Continue to Slow
More evidence that the residential expansion this time isn’t a bubble: According to the Federal Housing Finance Agency, U.S. home prices were up 0.1 percent in July compared with June.