Regions
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.
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.