Regions
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.
Student Housing Marketing Truck Hits the Streets in San Antonio
Marketing a new multifamily project can take a number of forms, but one student housing property in San Antonio is pursuing a novel approach: a former food truck acting as a mobile marketing center.
APARTMENT MARKET STATISTICS: December 2013
Banks are increasing their construction loans for the first time since 2007, according to Chandan Economics.
Constructions Begins on 400 Grove in SF’s Hayes Valley
DDG and DM Development have announced the groundbreaking of the 34-unit, 400 Grove in San Francisco’s Hayes Valley neighborhood. The building will be the development team’s second of three that are planned for Hayes Valley.
TODAY’S DEALS: Brookline Buys Oregon Apartments from Matteson Cos.
ARA brokers a sale outside of Portland, Ore.; Canyon Capital Realty and Bank of America invest in a Maryland TOD development; and CBRE/New England brokers the AEW sale of a property to AvalonBay.
AMCAL Constructing $43M Affordable Community for Irvine Community Land Trust
Groundbreaking has taken place for Alegre, a 104-unit affordable housing project for families in Irvine, Calif.
Economy Watch: To Taper or Not to Taper?
It’s going to be a notable week for the Federal Reserve, with a meeting of the Federal Open Market Committee slated for Tuesday and Wednesday, followed by Chairman Ben Bernanke’s last press conference in that position.