Regions
TODAY’S DEALS: McDowell Buys 242-Unit Asset from Waterton
ARA brokers a $32.4 million sale in Pittsburg, Calif.; Gebroe-Hammer completes 12 sales totalling 463 units; and Red Mortgage originates $1.8 million FHA 223(f) refinance for a seniors housing property.
Waterton Residential Hires Jeff Bailey as Senior Vice President
Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, has hired veteran real estate executive Jeff Bailey as senior vice president, operations, for its multifamily properties in the western United States.
Wood Partners Developing 311-Unit Community in Tampa Suburb
Wood Partners is developing Alta Terra Bella, a 19-acre luxury rental community in the Tampa suburb of Land O’Lakes, Fla.
Economy Watch: Gas Prices Still in Freefall
World oil markets are on track to give U.S. consumers an even better price for gasoline in the very near future, according to a report released by AAA—a holiday bonus of sorts.
DePaul Completes Affordable Apartments in Rochester
The Carriage Factory Apartments, created by the redevelopment of the former Cunningham Carriage Factory by the nonprofit DePaul, has been completed. As a residential property, it now offers 71 studio and one- and two-bedroom loft apartments for income-eligible residents.
TODAY’S DEALS: HFF Secures $17M Refinance for Universe Holdings
HFF arranges refinancing for an 118-unit Los Angeles portfolio; Tricap grabs a community in Indiana for $11.3 million; and Arbor Commercial Funding originates two loans under Fannie Mae’s DUS program.
The Moinian Group, Tishman Construction Top Out On West 42nd Street
The Moinian Group has announced that its luxury tower development located at 605 West 42nd Street in Manhattan has topped out at 60 stories.
Ribbon Cut on Perkins Eastman-Designed Maplewood at Stony Hill
Maplewood at Stony Hill, a three-story, 84-unit memory care and assisted living facility in Bethel, Conn., recently had its grand opening.
Economy Watch: November Job Gains Wide Across Industries
The November jobs report released by the Bureau of Labor Statistics, widely acknowledged as a very strong one, detailed increasing in hiring across various sectors of the economy.
Indianapolis Seniors Apartments Receive $2.3M Grant From HUD
HUD has awarded the AHEPA 232 Apartments in Indianapolis a $2.38 million grant under its Assisted Living Conversion Program. The funding will be used to covert 24 of AHEPA 232’s 74 units into service-enriched seniors housing.