Regions
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
TODAY’S DEALS: Carroll Organization Acquires 298 Units in Orlando
Carroll Organization completes a $36.6 million buy; Kennedy Wilson expands with $160 million in West Coast acquisitions; and Walker & Dunlop arranges $43.5 million acquisition financing with interest-only terms.
Mack-Cali, Fisher Brothers Acquire Luxury Multifamily Project
Mack-Cali Realty Corporation and Fisher Brothers have formed a joint venture to acquire a 377-unit multifamily development project in Washington, D.C.
Economy Watch: CPI Doesn’t Move in November
The Consumer Price Index for All Urban Consumers didn’t budge in November, according to the Bureau of Labor Statistics.
More Than 500 Companies Have Implemented the New Yardi Voyager 7S Software-as-a-Service
Over the past five months, more than 500 Yardi Voyager® clients—with the number growing daily—have adopted the browser-agnostic, mobile-enabled Yardi Voyager® 7S, the latest, most advanced version of Yardi’s core software-as-a-service (SaaS) real estate management platform.
Wood Partners’ Alta Mira in Miami Passes Half-Way Mark in Leasing
It’s boom time in Miami multifamily, if the speed at which new properties are leasing is any indication.
TODAY’S DEALS: Berkeley Point Capital Arranges $63M for Texas Apartment Acquisitions
Berkeley Point Capital arranges financing for the Steadfast acquisitions; IPA brokers a $47 million sale in Los Angeles; and BMC Capital provides a $1.29 million cash-out refinance loan.
Builder Confidence Rises Four Points in December, Says NAHB
Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December.
Economy Watch: Industrial Production Surpasses ’07 Level
The Federal Reserve reported that U.S. industrial production increased 1.1 percent in November, compared with a decline of 0.1 percent in October.
Cantor-Pecorella Opens Condo Sales in Stuyvesant Square
Cantor-Pecorella has made available 78 units in Rutherford Place at Stuyvesant Square.