Regions
Freddie Mac Picks Lenders for Small Loan Product
Freddie Mac has tapped three lenders as the first ones to sell loans to the company as part of its new Small Business Lending product: Hunt Mortgage Group, Greystone Servicing Corp. and Arbor Commercial Mortgage.
TODAY’S DEALS: W.P. Carey Grabs Pair of Georgia Apartment Assets for $46M
W.P. Carey-led investment group grabs 444 units in Georgia; HFF arranges financing for a 520-bed student-housing asset in California; and Red Capital provides a $3.85 million balance-sheet construction mezzanine loan.
Shuster Group Reaches 80-Percent Occupancy at Jersey City Apartment
The Shuster Group has reached 80 percent occupancy on The Art House, a luxury multifamily building in downtown Jersey City, with approximately 100 of the 119 new residences now leased.
Economy Watch: Oil Prices Slide More
The worldwide price of oil continued its fall with the international benchmark Brent crude coming in at $82.34, the lowest price in more than four years.
Candlebrook and Lubert-Adler Acquire Student Housing for $230M
Candlebrook and Lubert-Adler Partners have acquired five student-housing properties in various parts of the Eastern United States from Trinitas Ventures for $230 million.
TODAY’S DEALS: Carmel Partners Sells Virginia Apartment Asset to Capital Investment Advisors
ARA brokers Carmel Partners’ sale of 227-units in Arlington; Marcus & Millichap brokers the $13.3 million sale of two apartments assets in Manhattan’s UES; and Capital One Bank originates a $6.4 million CMBS loan for an acquisition on Florida’s Emerald Coast.
Voda Bauer Real Estate Launches Capital Markets Group
Voda Bauer Real Estate, full-service residential and commercial firm, announced it has launched a Capital Markets Group, which will be headed by 25-year industry veteran John Raggio.
Chicago Real Estate Forum Gauges Vision of Industry Leaders
A major topic at the Chicago Real Estate Forum was the Millennial generation, what members of that cohort are seeking and how soon they will convert from renters to home buyers.
Economy Watch: Strong Jobs Growth in Various Industries
The gains in U.S. employment in October, which totaled a net of 214,000 jobs, were fairly widespread across various industries, the Bureau of Labor Statistics reported.
Grass River Property Begins TOD Apartments in Miami
Work is under way on the 184-unit Grove Station Tower in Miami, near the Miami neighborhood of Coconut Grove. The project, set to deliver in early 2016, is being developed by Grass River Property, a real estate investment and development firm based in Coconut Grove.