Regions
TODAY’S DEALS: CBRE/New England Provides $36M for Massachusetts Acquisition
CBRE/New England provides acquisition financing for a $60 million purchase in Malden, Mass.; TGM Associates sells two assets in Kentucky; and NAI Tampa closes on a portfolio of Class A condo properties for $54.5 million.
Brooklyn: Sales Prices Up, Number of Sales Down
A quarterly market report by Ideal Properties Group shows that residential sales prices in Brownstone Brooklyn and North Brooklyn increased by more than 13 percent in the fourth quarter of 2013 from the previous year.
Manhattan Residential Price Increase Led by Luxury Segment
Town Residential’s fourth quarter Manhattan condo and co-op sales report shows that luxury properties were responsible for most of the upward growth in sales prices.
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.
Economy Watch: U.S. Auto Sales Up in 2013
Auto sales were up 7.5 percent in 2013, and soon to be ex-chairman Ben Bernanke remains optimistic about the U.S. economy in 2014.
TCU Opens New KSQ-Designed Student Housing Facility
A new KSQ-designed residence hall opens at Texas Christian University. The project is an example of institutions looking at ‘retro housing’, a community-focused push-back against on-campus projects that aim to replicate the off-campus experience.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.
NYC Announces New, Expanded Carbon Challenge that Now Includes Multifamily
Spurred by big drops in greenhouse gas emissions, New York City has unveiled new and expanded programs aimed at building efficiency, including an expansion of its Carbon Challenge to include multifamily buildings.
Economy Watch: Construction Spending Edges Up
U.S. construction spending is at its highest level since March 2009, and unemployment claims decrease for the week ending December 28.
Native American Connections Opens Affordable Asset in Phoenix
A new 70-unit, mixed-use affordable housing community has opened in downtown Phoenix.