Regions
Shanghai CRED Real Estate Purchases Peppers Carrington Resort in New Zealand
One of the largest real estate developers in Shanghai has purchased Peppers Carrington Resort in New Zealand.
TODAY’S DEALS: Prudential Provides $114M for AIMCO Development in Boston
AIMCO lands a $114 million construction loan; Steadfast Income REIT makes six-property portfolio acquisition; and Johnson Capital’s Denver office arranges a $7.84 million FHA 223(a)(7) refinance.
Bernards Chosen as Construction Manager for Newport Beach Luxury Condos
Bernards is managing the construction of the Meridian, a new $81.7 million condominium community in Newport Beach, Calif., being developed by a partnership between The New Home Company and Hillwood West.
American Standard Joins MHRP as Founding Associate Member
The Equal Rights Center, a national non-profit civil rights organization, announced that American Standard is paving the way for accessibility product and service vendors by becoming the Founding Associate Member of the Multifamily Housing Resource Program.
PayNearMe and RentPaid Online Partner to Make Cash Payments Easy
RentPaidOnline®, a multifamily housing rent payment provider, announced that the company has expanded its online platform to include cash payment capability through a partnership with PayNearMe, the electronic cash transaction network.
Economy Watch: Gas Prices to Drift Lower
The U.S. Energy Information Agency predicted that the economy—consumers and businesses and anyone else concerned with driving a gas-power vehicle—is going to catch a break next year because of lower gas prices.
Manhattan Condos Sell at Frenetic Clip
As a measure of the revived (and accelerating) demand for condos in Manhattan, 182 West 82nd Street is more than half sold after a month on the market.
TODAY’S DEALS: Berkeley Point Lands $28.5M for Washington Apartment Refinance
Berkeley Point Capital refinances a community in Lakewood, Wash.; Cornerstone closes its third affordable housing fund; and IPA brokers a 220-unit sale in Dallas/Fort Worth.
Laramar Group Acquires Suburban Chicago Townhomes
National real estate investment and management company The Laramar Group has acquired Highcrest Townhomes in the southwestern Chicago suburb of Woodridge, Ill.
Economy Watch: Oil Production, Consumption Patterns Seeing Radical Shifts
Improved extraction technology and higher prices are opening up new oil resources, but that doesn’t mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s 2013 edition of World Energy Outlook.