Regions
Economy Watch: Zillow Reports Home-Price Growth
Residential market indices are legion, and these days most of them are pointing toward a steady, if not overheated, U.S. housing recovery in most markets.
SRP Medical and Frontier Management Announce New Assisted-Living Facility
SRP Medical and Frontier Management have unveiled plans for a new seniors housing property in the southwest part of Fort Worth, Texas. The facility will include 105 residences with assisted living and memory-care services.
TODAY’S DEALS: TIAA-CREF Lands $92.6M Acquisition Financing for Luxury Asset
HFF arranges $92.6 million for an acquisition; Excel Trust picks up an apartment asset in a $263 million retail-focused buy; and NorthMarq Capital arranges $14.14 million in combined mortgages for two properties in Omaha, Neb.
Luxury Atlanta Community Draws Attention from Renters
Midtown Atlanta’s tallest residential high-rise, The Atlantic, is attracting a lot of interest from potential renters. The community is the third acquisition of Class-A Atlanta real estate for Crescent Heights.
Fort Worth Housing Authority to Develop 18 Affordable Housing Units
The Fort Worth Housing Authority is restoring a historic building located east of downtown Fort Worth and combining it with new construction to create 18 affordable housing units to be called the Knights of Pythias Lofts.
Economy Watch: Residential Delinquencies Jump in September
LPS reported on Monday that the U.S. mortgage delinquency rate rose to 7.4 percent in September from 6.87 percent in August, a month-over-month spike of 7.72 percent.
Second Phase of Charlotte’s Sharon Square Coming Soon
Pappas Properties and Allen Tate Co have unveiled plans for the second phase of Sharon Square, a mixed-use property located at the corner of Sharon and Fairview Roads in the SouthPark district of Charlotte, Va.
TODAY’S DEALS: Jones Lang LaSalle Obtains $103M for Prime Properties
Jones Lang LaSalle secures $103 million in senior financing for two multifamily properties on behalf of Fairfield Residential; EdR and University of Kentucky enter Phase II on a student housing replacement initiative; and Colliers completes two REO sales totaling over $20 million in Los Angeles.
Long Island City’s The Industry LIC Now Sold Out
Commuting ease to Manhattan, modern design features and eye-popping skyline views are among factors that resulted in The Industry LIC luxury condominium recently reaching sold-out status.
Economy Watch: Existing Home Sales Edge Down
Existing home sales dropped 1.7 percent in September to an annualized rate of 4.75 million units, including both single-family and multifamily, according to the National Association, with August’s rate revised upward to 4.83 million.