Regions
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.
TODAY’S DEALS: CBRE/NE Brokers 56-Unit Sale in Massachusetts
CBRE/New England brokers a 56-unit sale in Tewksbury, Mass.; Marcus & Millichap arranges a 228-unit portfolio sale in North Texas; and NorthMarq Capital finalizes $26 million in acquisition financing.
Madison Realty Capital, USAA Real Estate Announce Development Plans
Madison Realty Capital has announced plans to construct a 170,918-square-foot 80/20 mixed-rate multifamily community in the Clinton Hill neighborhood in partnership with USAA Real Estate Company.
Fujisawa Sustainable Smart Town Opens Near Tokyo
The Fujisawa SST Council recently held a grand opening ceremony for Fujisawa Sustainable Smart Town, an eco-friendly and progressive community located on the outskirts of Tokyo. FSST Council, the developer of the project is a consortium led by Panasonic Corporation.