Regions
Economy Watch: Mortgage Delinquencies Continue Dropping
The delinquency rate for mortgage loans on one-to-four-unit U.S. residential properties decreased to 6.04 percent of all loans outstanding at the end of the second quarter of 2014, according to the Mortgage Bankers Association.
Infinity Apartments in Edgewater, N.J., Now 50 Percent Leased
Clal Insurance and Waterton Associates announced that Infinity Apartments, a new luxury apartment community in Edgewater, N.J., has reached the 50 percent leased mark.
Container-Based Component Added to Nashville Mixed-Use Development
SG Blocks, a designer of container-based structures, has unveiled plans for a 21-unit structure for oneC1TY, a mixed-use development currently under construction in Nashville.
Clenergy Cooperates on 40MW PV Installation in Pakistan
Quaid-e-Azam Solar Energy Park, a 100 MW photovoltaic project, is currently underway in Bahawalpur, Pakistan, and Clenergy has recently won the bid for providing mounting systems to a 40MW installment.
TODAY’S DEALS: Capital One Multifamily Provides Intercontinental with Acquisition Loans
Capital One Multifamily provides Intercontinental Real Estate with acquisition financing; a partnership between The Dolben Company and Klein Enterprises buys a Maryland asset and begins construction on its second phase; and HFF closes the $38.9 million sale of a property in Miami.
Construction Begins on Pearl Washington Luxury Apartments in Houston
Houston-based The Morgan Group has announced that it has commenced on the construction of its latest Pearl-brand luxury apartment development, Pearl Washington.
Major London Landmark for Sale as Deloitte Puts $1 Billion Price Tag on The Gherkin Building
An overseas buyer is reportedly set to become the new owner of London’s iconic Gherkin building.
Finance Veteran Dave Borsos Joins NMHC as VP, Capital Markets
The National Multifamily Housing Council has hired Dave Borsos as vice president, capital markets.
Brookfield Multiplex to Complete Final Stage of Mixed-Use Upper West Side Apartment Project in Melbourne
Global contractor Brookfield Multiplex has been appointed by Far East Consortium to design and build the fourth and final stage of the massive Upper West Side residential and retail development in Melbourne’s CBD.
Equity Residential Developing 16-Story Apartment Tower in Bay Area
Equity Residential is developing Azure at Mission Bay, a 16-story, for-lease, residential development in San Francisco that will contain 273 residences that feature three public parks on the sides of the property.