Regions
Economy Watch: Trade Numbers Point to 4Q Growth
The U.S. Department of Commerce reported on Friday that the U.S. trade deficit dropped from $48.6 billion in November to $38.5 billion, both as the result of rising exports and dropping imports.
SPECIAL REPORT: MBA Predicts Multifamily Funding Market Share May Fall Slightly in 2013
Mortgage originations for commercial properties will increase by 11 percent in 2013, the Mortgage Bankers Association forecasted. Multifamily financing may tick down this year as capital supply to the other commercial real estate sectors make a comeback.
TODAY’S DEALS: Inland Enters into Student Housing Development Partnership
Inland American Communities enters an Oregon-based partnership/development; a development site in Queens, N.Y., hits the markets for $21 million; and NorthMarq Capital arranges $22.6 million in an interest-only mortgage via life insurance lender.
Ground Broken for Suburban LA Affordable Housing
Affirmed Housing Group has broken ground on Arbor Green Apartments, an affordable housing development. The property will include 40 units comprised of one-, two- and three-bedroom units, each with its own storage locker.
Seven-Person Capital Markets Team Led by Sullivan and Jugl Join HFF’s Denver Office
HFF recently announced that a seven-person capital markets team led by Mary Sullivan and John Jugl has joined the firm’s Denver office. The team, formerly of Jones Lang LaSalle, will focus on capital markets transactions in the office, industrial and retail sectors.
McKinley Announces New Residential Assignment in Melbourne, Florida
McKinley recently announced it has been appointed as the property manager and asset manager of Caribbean Isle Apartments, a 376 unit resort style apartment community, which includes one and two bedroom garden homes and lofts and is surrounded by lakes and the Mallard Landing Golf Course in Melbourne, Fla.
NCC Selected to Build Carlsberg Byen Phase One for More Than $236M
NCC, one of Northern Europe’s leading construction and development companies, has announced being selected to construct phase one of the Carlsberg Byen redevelopment project in Copenhagen.
Starwood Capital Group Affiliate Sells Four Iconic Luxury Hotels in France to Constellation Hotels Holdings Ltd.
Starwood Capital Group has recently announced that its Groupe Du Louvre affiliate has completed the sale of four iconic luxury hotels in France.
Economy Watch: Homebuilders More Optimistic About 55+ Housing
The National Association of Home Builders reported that builder confidence in the 55+ housing market improved during the fourth quarter of 2012, compared with the same quarter a year earlier.
Affordable Housing Redevelopment Opens in Orlando
A grand opening ceremony was held in late January to unveil Emerald Villas, formerly known as Seville Place, the first affordable housing redevelopment project to be introduced in the past decade within Orlando’s Pine Hill neighborhood.