Regions
TODAY’S DEALS: TIAA-CREF Buys D.C. Apartment Asset from The JBG Cos. in Record Sale
TIAA-CREF buys in D.C.’s U-Street corridor; and The Praedium Group and Greystar Real Estate complete a repositioning play in Tampa/St. Petersburg, Fla.
Decron Acquires 440-Unit Apartment in Los Angeles Area for $82.5M
Decron Properties Corp. has acquired Village Crossing, a 440-unit garden style, multifamily apartment community in Chino Hills, Calif., from Invesco Real Estate for $82.25 million.
Economy Watch: More Evidence That Home Price Growth is Slowing
FNC reported that its Composite 100 index was up 8 percent in June compared with the same month a year ago; the year-over-year increases for the index have been slowing since peaking in February at 9.4 percent, which was the highest rate since 2006.
National CORE, CHW Break Ground on SoCal Affordable Housing
National Community Renaissance and Community HousingWorks have broken ground on Mission Cove, an affordable housing property in Oceanside, Calif.
D2 Demand Solutions White Paper Addresses Multifamily Email Marketing Opportunities
A recent On-Site-sponsored study released in a D2 Demand Solutions white paper suggests that multifamily operators on the regional and national level may be missing out on email marketing opportunities.
Bainbridge Picks McShane for New Student Housing Near U of I
The Bainbridge Cos. has tapped McShane Construction Co. to build Campus Circle-Urbana, a new student housing project adjacent to the University of Illinois at Urbana-Champaign campus.
TODAY’S DEALS: Moinian Lands Construction Loan for 60-Story Manhattan Tower
The Monian Group lands construction financing for Manhattan’s largest apartment under construction; and Dougherty Funding closes a $17.3 million loan for a South Dakota assisted living facility.
North Creek Apartments Acquired by Lowe Enterprise Investors
In its second area rental property acquisition of the past half year, Lowe Enterprises Investors (LEI) has acquired the 264-unit North Creek apartment community in Everett, Wash.
Economy Watch: Fannie, Freddie Report Solid Q2
Both Fannie Mae and Freddie Mac reported their second quarter numbers: Fannie Mae reported income of $3.7 billion for the quarter, and Freddie Mac reported income of $1.9 billion.
TODAY’S DEALS: Security Properties Buys 388 Units in Mesa
Security Properties buys an Arizona community for the second time; HFF secures joint venture equity and financing for a Texas apartment portfolio; and Cohen Financial arranges $12.44 million in CMBS financing for multifamily properties in Cincinnati.