Regions
TODAY’S DEALS: KeyBank Provides $27.9M for N.C. Community
KeyBank closes $27.9 million for a community in North Carolina; Lee & Associates completes a $3 million sale in Studio City, Calif.; and NorthMarq secures a $13 million CMBS loan.
McCann Breaks Ground on Houston Luxury Apartment Community
Construction has begun on Shadow Creek Ranch Apartments, a 350-unit Class A community that McCann Realty Partners is building in Houston.
Economy Watch: Economy Adds 74,000 Jobs in December
Bureau of Labor stats show 74,000 jobs added in December. ShopperTrak reports a 2.7 percent increase in retail sales this holiday season over last, and newly released Mortgage Bankers Association survey results show an expected increase in volume for 2014.
Wood Partners to Start Metro Phoenix Apartment Development
Wood Partners is preparing to break ground on Alta Tempe, a 296-unit apartment complex in Tempe, Ariz.
American Realty Capital Acquires Seniors Housing Asset for $71.3M
American Realty Capital has acquired a Class A seniors housing asset located in Katy, Texas, via an HFF-brokered transaction.
TODAY’S DEALS: RADCO Completes an Oklahoma Apartment Acquisition
The RADCO Companies acquires a 284-unit asset in Tulsa, Okla.; Centerline refinances four properties in Ohio; and Beech Street Capital closes a $5.9 million refinance for an apartment in Tulsa, Okla.
Economy Watch: ADP Reports Strong December Showing for Private-Sector Employment
More jobs were added in December than any other month in 2013 according to ADP, and newly-released Fed minutes confirm that the tapering of bond-buying will proceed in January.
Instrata at Mercedes House Fully Leased
If you need a anecdote for the strength of multifamily demand in Manhattan, consider that Invesco’s 162-unit Instrata at Mercedes House has leased up to full occupancy in just 10 months.
Greystone Closes First Freddie Mac Revolving Credit Facility in Seniors Sector
Greystone closes the first Freddie Mac Revolving Credit Facility for the seniors housing sector on behalf of Oakmont Senior Living.
TODAY’S DEALS: Bell Partners Completes 207-Unit Buy in Dallas
Bell Partners acquires a newly-built asset in Dallas; Charles Dunn Co. completes a $2.8 million sale in Los Angeles; and Arbor Commercial funds $55 million for an acquisition.