Regions
TODAY’S DEALS: Ares Commercial Co-Originates $50.5M Acquisition Loan
Ares Commercial co-originates an acquisition loan; Ariel Property Advisors sells six buildings in Manhattan and the Bronx; and NorthMarq Capital funds a $13.7 million Freddie Mac financing at 80 percent of purchase price.
The Goldenberg Group Begins Construction on $100M Philadelphia Student Community
The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project.
Campus Apartments Appoints Vice President of Management Services
Campus Apartments, a privately held providers of student housing, announced the appointment of Casey Van Zandt to vice president of management services.
AvalonBay, Equity Residential Commit to Archstone Buy
AvalonBay Communities and Equity Residential have entered into an agreement with Lehman Brothers Holdings to acquire a respective 40 percent and 60 percent stake of Archstone Enterprise LP, a transaction that involves 66 communities across the country.
Mortgage Borrowers May Be Leaving Money on the Table by Using Less Effective Mortgage Shopping Strategies
A new study from Fannie Mae finds that many Americans do not adequately investigate or fail to understand fully the choices available to them when shopping for a mortgage.
CoStar Predicts Housing Shortages and Construction Boom
A new report by the CoStar Group shows that those worrying about housing shortages are justified, and an increase in construction should begin within the next year or two.
Economy Watch: Greece, Sandy to Cost Many Billions
At the conclusion of the latest round of marathon meetings in Brussels, euro-zone finance ministers optimistically asserted that they’ve hit on a formula for putting the Greek economy on a more sound footing.
CRE Organizations NYSAFAH and AAREPNY Form Partnership
The New York State Association for Affordable Housing and the African American Real Estate Professionals of New York have inked a one-year formal partnership.
Renaissance Centro Develops 360-Unit Luxury Community
Virginia-based developer Renaissance Centro announced that it has broken ground on Parc Reston, a multifamily community in Reston, Va.
TODAY’S DEALS: St. Anton Partners Lands $52M in Construction Financing
U.S. Bank provides $52M for a San Jose development; Boston Capital provides financing for two affordable communities; and NorthMarq Capital arranges a $17.7M mortgage.