Regions
Economy Watch: Recovering Housing Market Buoys Fannie Mae
Fannie Mae reported on Wednesday that it had a net income of about $5.1 billion for the second quarter of 2012.
Multifamily Permits Continue to Rise on Annual Basis
Recent trends in multifamily permitting, which is a volatile indicator of multifamily construction, nevertheless show that there’s strong developer interest in building apartments in the post-Great Recession environment.
Condominiums to Open in NYC Woolworth Building
Alchemy Properties recently acquired a condominium interest in the top 30 floors of the Landmark Woolworth Building in Lower Manhattan. The company plans to create 40 residential units.
TODAY'S DEALS: HFF Lands Acquisition Financing for Florida Asset
HFF lands financing for a Stonebridge acquisition; KeyBank provides $27.4 million to refinance two properties in Colorado; and MIG Real Estate continues its expansion into Colorado with the purchase of two properties.
Single-Buyer Multifamily Portfolio Sold in Colorado
A four-property multifamily portfolio stretching from metropolitan Denver to Colorado Springs, Colo., has been sold, with the sale brokered by the Atlanta-based full-service investment advisory brokerage firm ARA.
MIG Real Estate LLC Acquires Two Residential Communities in Lakewood
By Gabriel Circiog, Associate Editor MIG Real Estate LLC has acquired two residential communities in the Lakewood submarket of Denver. The Newport Beach, Calif.-based real estate investment company purchased The Hamptons and The Huntington, representing the fifth and sixth acquisition for the company in Colorado. The Hamptons is a 312-unit residential community located at 8507 […]
Economy Watch: CoreLogic Says Home Prices Up
Home prices nationwide increased on a year-over-year basis by 2.5 percent in June 2012 compared with the same month last year, including distressed sales, according to CoreLogic on Tuesday.
Elmwood Park, N.J., Gets First Luxury Multifamily Community
Riverfront Residential, a New Jersey-based development company, recently announced that construction is complete on the first phase of Riverwalk, the first luxury multifamily community in Elmwood Park, N.J.
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.
Economy Watch: Employment Growth Up, But Economy Still Spinning Its Wheels
Though the report turned out better than expected, July’s employment numbers still count as mediocre.