Regions
Economy Watch: Pending Home Sales See Uptick
The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.
Hunt Mortgage Group Hires Cary Brownley as Director
Hunt Mortgage Group announced it hired Cary Brownley as director to help expand its FHA lending platform. Brownley will lead FHA multifamily and healthcare loan closings for the entire firm.
RealtyTrac Reports Distressed Condo Sales Continue to Drop
The percentage of distressed condo sales nationwide continues to drop, according to a year-end report by RealtyTrac.
Vasco Ventures to Build 35 Luxury Units in Bed-Stuy
Private real estate group Vasco Ventures has unveiled plans to construct 35 luxury units in the Bedford-Stuyvesant neighborhood of Brooklyn.
MassHousing’s Loans Benefit Lynn, Mass., Seniors Housing
MassHousing loans totaling $16.4 million will make large-scale property renovations and the extension of affordability possible at St. Stephen’s Tower, a 130-unit community for seniors in Lynn, Mass.
Economy Watch: Case-Shiller Reports Residential Price Deceleration
According to S&P on Tuesday, the Case Shiller U.S. National Home Price Index recorded a 4.6 percent gain in October 2014 compared with a year earlier.
NeighborhoodWorks America Promotion
NeighborhoodWorks America just announced the promotion of Paul Weech as new president and CEO effective January 22.
EdR Promotes Matt Fulton and Scott Jones
EdR announced the promotions of two tenured employees: Matt Fulton is promoted from vice president, operations to senior vice president, operations; and Scott Jones is promoted from director of information technology to vice president of information technology.
The Bergen Luxury Apartment Building Sells for $52.2M
New York real estate developer The Naftali Group has closed on the sale of its popular Bohrum Hill rental apartment, The Bergen. The newly constructed, eight-story luxury building sold for $52.2 million and was brokered by Woody Heller of Savills Studley.
TODAY’S DEALS: Waterton Grabs 236-Unit High-Rise in Atlanta
Waterton Associates expands in Atlanta; Roxbury Ventures completes a $3.9 million sale in West Hollywood; and BMC Capital provides a seven-year $1.739 million acquisition loan via a banking relationship.