Regions
TODAY'S DEALS: CBRE N.E. Sells 550-unit Massachusetts Asset
CBRE N.E. Partners sells a 550-unit TOD community; HFF secures $27 million for a Texas asset; and Johnson Capital arranges $20.1 million in 35-year amortization loans for two assisted-living complexes.
BRE and Bernards Break Ground on $105 Million Mixed-Use Community
Bernards and BRE Properties have broken ground on a $105 million mixed-used development in Los Angeles.
Transwestern Mid-Atlantic Brokers Sale of Bethesda Multifamily
Transwestern Mid-Atlantic Multifamily Group, a collaborative multifamily brokerage team serving the entire Mid-Atlantic region, completed a sale of The Villas at Langley, a 590-unit garden-style apartment community located in Hyattsville, Md.
Jabal Omar Development Co. to Open 10 Hotel Towers Next Year in Mecca
Jabal Omar Development Co. has announced plans to open 10 hotel towers in Mecca next year as part of a 2.2 million-square-meter (24 million-square-foot) development project.
MARKET SNAPSHOT: Rents at Record Highs in Nashville; No New Completions in First Quarter
Multifamily in Nashville is witnessing record-breaking conditions that rival what was seen even before the financial crisis.
Economy Watch: Homebuilders Even More Optimistic
The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.
Apartment REIT Recapitalizes, Renames Itself
In a complex deal involving a number of investors, Apartment Trust of America Inc. has recapitalized itself, acquired a large new portfolio and changed its name.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
Economy Watch: Retail Sales See Unexpected Spike
Consumers unexpectedly went shopping with more brio than expected in July, according to the U.S. Census Bureau on Tuesday.
TODAY'S DEALS: USAA Real Estate Co., Cambridge JV Breaks Ground in San Antonio
A joint venture breaks ground on the first phase of a mixed-use development; Beech Street Capital closes $371M in Freddie Mac CME loans as 10 Baltimore assets are recapitalized; and a three-property LIHTC portfolio sells for $31,741 per unit.