Regions
Gebroe-Hammmer Completes $136M in Northern New Jersey Sales
In a testament to just how hot the northern New Jersey investment sales market is, Gebroe-Hammer Associates has closed 27 deals totaling 1,515 units in only two months.
Economy Watch: Services Sector Growth Slows in December
The services sector of the economy takes a dip in December, though new factory orders increased in November to their highest level since the Census Bureau has been keeping track.
Capri Acquires Stamford Luxury Residential Building for $135M
Capri Capital Partners makes a big statement in Stamford, Conn., with the $135 million acquisition of 101 Park Place at Harbor Point.
TODAY’S DEALS: CBRE/New England Provides $36M for Massachusetts Acquisition
CBRE/New England provides acquisition financing for a $60 million purchase in Malden, Mass.; TGM Associates sells two assets in Kentucky; and NAI Tampa closes on a portfolio of Class A condo properties for $54.5 million.
Brooklyn: Sales Prices Up, Number of Sales Down
A quarterly market report by Ideal Properties Group shows that residential sales prices in Brownstone Brooklyn and North Brooklyn increased by more than 13 percent in the fourth quarter of 2013 from the previous year.
Manhattan Residential Price Increase Led by Luxury Segment
Town Residential’s fourth quarter Manhattan condo and co-op sales report shows that luxury properties were responsible for most of the upward growth in sales prices.
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.
Economy Watch: U.S. Auto Sales Up in 2013
Auto sales were up 7.5 percent in 2013, and soon to be ex-chairman Ben Bernanke remains optimistic about the U.S. economy in 2014.
TCU Opens New KSQ-Designed Student Housing Facility
A new KSQ-designed residence hall opens at Texas Christian University. The project is an example of institutions looking at ‘retro housing’, a community-focused push-back against on-campus projects that aim to replicate the off-campus experience.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.