Regions
Arbor Appoints Zachary Rechler as Director in New York Office
Arbor Commercial Mortgage LLC announced the appointment of Zachary Rechler as director in the company’s New York City office.
Toys For Tots Comes To Luxury Residences in Atlanta
The Atlantic, The Vue at Park Towers and Lenox Hills are taking part Toys for Tots toy drive in partnership with local U.S. Marine Corps Reserve Units.
Freddie Mac Prices New $5.5 Billion Five-Year Reference Notes® Security
Freddie Mac recently announced that it priced its new 0.75 percent five-year USD Reference Notes® security due on January 12, 2018.
Supportive Housing for Veterans Planned for N.J. Multifamily Community
The Architectural Team has designed Valley Brook Village, a planned 62-unit veteran supportive multifamily community in Lyons, N.J., which will offer on-site resident services including a variety of individually tailored outpatient treatment and job training programs.
Economy Watch: Existing Home Sales See Healthy Increase
Existing U.S. home sales were up to an annualized rate of 4.79 million units in October, according to the National Association of Realtors.
APARTMENT MARKET STATISTICS: November 2012
The Apartment Market Statistics section of the November 2012 issue of MHN features a range of important multifamily data. This month’s data shows, for example, Marcus & Millichap’s survey of apartment markets in the top U.S. metros.
Urban American Management Expands Veterans Housing Initiative
Urban American Management created VHI two years ago in response to reports of veterans who are unable to find affordable housing when they returned to civilian life, which in some cases leads to homelessness. In addition, qualifying veterans of Iraq and Afghanistan and current service members remain eligible for free rent in the first month of their leases.
TODAY’S DEALS: MEPT Buys Denver Asset for $90.8M
Multi-Employer Property Trust completes a Denver buy; Centerline Capital Group provides a $17.6 million loan to a community in Rochester, N.Y.; and HFF arranges $32.08 million in acquisition financing via Freddie Mac.
Economy Watch: Industrial Production Dips Due to Sandy
Even if temporary, the storm has had an outsized impact on certain aspects of the entire economy, because it hit such a densely populated and economically active part of the Eastern Seaboard. Without the storm, industrial production would have increased for the month.
Economy Watch: CPI Increases Slightly in October
The Bureau of Labor Statistics said on Thursday that the U.S. Consumer Price Index (for all items) edged up 0.1 percent in October. Over the last 12 months, the all-items index increased 2.2 percent—a fairly low rate of inflation, and in fact roughly what the Federal Reserve sees as its target rate under its dual mandate.