Regions
Economy Watch: Mortgage Delinquencies Dropping; Tapering Will Continue; 4Q GDP Numbers Released
The U.S. mortgage delinquency rate decreased more than 10 percent year over year. Also, Janet Yellen testifies before the Senate Banking Committee, hinting that the tapering will continue unless ‘significant’ change in outlook takes place.
Advenir Acquires a Sizable Community in Texas
Advenir acquires a 295-unit Class A community in Mesquite from Virtu Investments.
TODAY’S DEALS: Aztec Group Secures $7.5M for Fractured Condo
Aztec Group provides financing for 144 units in Fort Lauderdale; Cohen Financial secures $37 million for five properties; and Marcus & Millichap brokers a 259-unit sale in South Carolina.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
WRIT Acquires DC Class A Apartments
Washington Real Estate Investment Trust acquires a 12-story, Class A asset in Washington, D.C.
JB Matteson Acquires Second North Bay Property
JB Matteson Inc. has acquired the 113-unit Rafael Town Center in San Rafael, Calif. The purchase marks the firm’s seventh acquisition in California and second in the North Bay.
TODAY’S DEALS: MHA Brokers $18.5M Sale in South Carolina
Multi Housing Advisors brokers the $18.5 million sale of Walden Oaks in Anderson, S.C.; and Walker & Dunlop provides $62.5 million for apartments in Southern California.
Benenson Capital, Rose Partners Team on Brooklyn Mixed-Use Project
Benenson Capital Partners has forged a joint venture partnership with Rose Associates to develop a mixed-use tower in downtown Brooklyn. The two family-owned firms have a solid track record together in New York City.
Quilvest, Greystone Join Forces to Buy Apartment Properties
Greystone and Quilvest & Partners have formed a joint venture to acquire U.S. multifamily assets. According to the partners, the initial target markets will be in the Southeast, mid-Atlantic and Midwest.
TODAY’S DEALS: Grandbridge Closes $33.3M for South Carolina Acquisition
Grandbridge closes financing for a 325-unit acquisition in South Carolina; Berkadia originates $9.1 million for a Washington buy; and NorthMarq Capital secures a 12-year bank refinance loan for affordable housing in Hoboken.