Regions
TODAY’S DEALS: Walker & Dunlop Provides $278M Credit Facility
Walker & Dunlop secures a credit Facility for Milestone Apartment REIT; Greystone acquires a 228-unit asset in North Carolina; and Oak Grove Capital closes 13 loans totaling $123.4 million over the past month.
Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Economy Watch: Federal Deficit Continues to Drop
The federal government’s budget deficit dropped sharply in the first seven months of fiscal 2014 (beginning Oct. 1, 2013), according to a report by the U.S. Department of the Treasury.
William Neville & Sons Begins Construction on New Westchester County Condos
Work has started on the Cambrium, a new-construction condo development at 10 Bryon Pl. in Larchmont, N.Y.
Mack Urban Launches Multifamily Management Affiliate–Mack Urban Communities
Mack Urban, a partnership between New York’s Mack Real Estate Group and Los Angeles based Urban Partners LLC, announced today the launch of Mack Urban Communities, a new affiliate specializing in residential property management and leasing.
TODAY’S DEALS: Resource Real Estate Acquires Plano Apartment Asset
Resource Real Estate Opportunity REIT Inc. buys a 142-unit community in Plano, Texas; Cushman & Wakefield arranges $19.6M in acquisition capital for LCB Senior Living; and IPA brokers the sale of a 60-unit property in Culver City, Calif.
Related Beal Appoints John ‘Ted’ Lubitz Vice President
Related Beal announced it has appointed John “Ted” Lubitz as vice president.
Jasper Venture Group to Convert Queens Hospital to Condominiums
New York-based Jasper Venture Group has announced its plans to convert the vacant Parkway Hospital site in Queens’ Forest Hills neighborhood to luxury condominiums. The site features 107,142 square feet and a parking lot.
Construction Ongoing on Nadel Architects-Designed L.A. Development
The Millennium Woodland Hills, a 395-unit multifamily development in the Woodland Hills, Calif., Warner Center neighborhood, is under construction.
Economy Watch: Americans Remain Pessimistic About Economy
The Pew Research Center reported that despite falling unemployment and various other improving economic metrics, a recent survey of Americans found that most people are still relatively pessimistic about the state of the U.S. economy, a belief that tends to depress consumer activity.