Regions
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
CIM Group to Begin Construction of Tower on Chicago’s Block 37
Initial permits have been secured for the construction of a new 34-story apartment tower on the north side of Block 37 in Chicago’s venerable Loop shopping and entertainment district.
Time Equities Unveils Artist-in-Residence Program for New NYC Tower
Time Equities has launched an artist-in-residence program for its 50 West development, a 64-story residential tower currently under construction in the Downtown neighborhood of Lower Manhattan.
Economy Watch: Retail Sales Grow in August
Americans had an itch to buy more in August, according to the Census Bureau.
TODAY’S DEALS: Onex, New York Life Insurance Sell 1,056-Unit Portfolio
IPA brokers sell three Midwest assets for a partnership between Onex and New York Life Insurance; a joint venture between The Kalikow Group and EYC Companies completes a sale in North Carolina; and EverBank funds a $2 million loan for the acquisition of a six-apartment property.
JDC Completes Crenshaw Apartments in L.A.’s West Adams District
Crenshaw Apartments, a new, two-story, 10-unit ground-up apartment project in the historic West Adams neighborhood of Los Angeles, has been completed.
Economy Watch: Demand Growth for Oil Slows Worldwide
In its Oil Market Report for September, the International Energy Agency has lowered its forecast for global oil demand for the third month running.
Fannie Mae Releases Major Study on Multifamily Energy Use
Fannie Mae released a major new report on energy usage in the multifamily sector called “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily.”
Phoenix Seniors Housing Company & Multifamily Owner-Operator Join Forces
IPA, a luxury multifamily communities operator in Michigan and Arizona, and Retirement Community Specialists Inc. (RCS), a luxury seniors housing communities operator in Arizona, announced they have joined together under the same umbrella company, IPA LLC.
Phase One of Bosa’s Insignia in Seattle is 50 percent Sold
Bosa Development’s much-anticipated Insignia condominium development in Seattle is more than 50 percent sold after topping out the project’s first tower (Phase One).