Regions
TODAY’S DEALS: Chestnut Hill Acquires two Mass. Assets
Chestnut Hill Realty buys 581 units; Seagate Colorado Partners buys a 288-unit community in Colorado Springs; and Centerline Capital provides a $28.9 million Fannie Mae loan to refinance a luxury active-adult apartment property.
Mid-20th Century Military Barracks Restored in North Georgia
In planning a new “military education precinct,” administrators at North Georgia College & State University had slated historic Gaillard Hall, built in the early 1950s, for demolition. But Atlanta architectural firm Lord, Aeck & Sargent convinced the institution to save, restore and rehabilitate the structure.
SPECIAL REPORT: NYHC/NHC Conference Speakers Warn of ‘Mounting Fears’ for Affordable Housing
Speakers at the New York Housing Conference and National Housing Conference’s 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.
Economy Watch: Retail Gains Jobs, Construction Loses Them
In reporting a net gain of 146,000 jobs in November, the Bureau of Labor Statistics also noted that some industries hired quite a bit, while others saw job losses.
Shimon Shkury Addresses Israel-America Chamber of Commerce in Tel Aviv
Shimon Shkuryy, president of Ariel Property Advisors, addressed about 200 attendees at the Israel-America Chamber of Commerce’s Third Annual Real Estate Seminar in Tel Aviv.
Co-Op City Gets $621M Refi
The long and storied history of Co-op City in the Bronx added another chapter recently when owner Riverbay Corp. and Wells Fargo closed on a deal to refinance the mortgage on the property to the tune of $621 million.
IPA Arranges $148M Sale of San Jose Community
Institutional Property Advisors has arranged the $148 million sale of Willow Lake Apartment Homes in San Jose, Calif. This sale equals approximately $291,000 per unit.
TODAY’S DEALS: O’Connor Capital Partners Lands $62.3M Construction Loan
O’Connor Capital Partners lands a $62.3 million construction loan; Candlebrook and Angelo, Gordon & Co. acquire an asset near Philadelphia; and Arbor funds seven FHA deals across the nation.
European Hotels in The Luxury Collection Get Top Notch Renovations to Restore Their Former Glory
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, part of a continent-wide operation worth $200 million.