Regions
Economy Watch: Chicago Fed Says Economy Still Growing
The Chicago Fed National Activity Index edged down to +0.12 in June from +0.16 in May, according to the Chicago Fed.
TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower
NorthMarq Capital negotiates refinancing of two properties in Colorado and Georgia; and Madison Realty sells a Manhattan portfolio for $23.4 million following the doubling of property values.
The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule
The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule.
Greystone Launches Seniors Housing Investment Sales and Advisory Group
Greystone, a national provider of multifamily and healthcare mortgage loans, announced it has launched a seniors housing real estate sales and investment advisory group through the acquisition of the ARA National Seniors Housing Group from ARA National Seniors Housing Group Ltd.
TruAmerica Multifamily Acquires Phoenix Apartment
TruAmerica Multifamily, a California investor, has acquired Avenue 25 Apartments, a 254-unit multifamily community in Phoenix, for $35.4 million, or about $139,370 a unit.
J Turner Research Ranks Lincoln Pointe Miami’s Best Property
Lincoln Pointe Apartments, managed by LCOR, has been ranked the “Best Property” with the most satisfied apartment residents in Miami by J Turner Research, a provider of market research for the multifamily industry.
Economy Watch: Consumer Sentiment Up in June
Despite outbreaks of international brouhaha, American consumers were a little more optimistic in June than in May, though not quite as much as economists had expected.
TODAY’S DEALS: Investors Bank Maintains Strong MF Volume in 2Q14
Investors Bank maintains a strong multifamily lending pipeline during the second quarter; Marcus & Millichap brokers the sale of a 120-unit asset in Victoria, Texas; and NorthMarq negotiates a $13 million refinance.
NYSERDA Partnership to Boost Financing for Clean Energy Projects in NY
The New York State Energy Research and Development Authority has announced a partnership with the Energy Improvement Corporation that will enable Commercial Property Assessed Clean Energy financing to direct low-cost capital toward multifamily and business projects across the state.
Stiles Residential Group and the Rockefeller Group Start Work on Fort Lauderdale Apartments
Stiles Residential Group and the Rockefeller Group have broken ground on 215 SE 8th Ave., a 254-unit residential tower in Fort Lauderdale.