Regions
Auction.com Names Rick Sharga as Executive Vice President
Auction.com, an online real estate marketplace, announced that Rick Sharga has been named executive vice president.
Economy Watch: Fed Seems Determined to Taper QE3
The Federal Reserve released the minutes from the June 18-19 meeting of the Federal Open Market Committee on Wednesday, and while (as usual), they weren’t precisely a model of clarity, the minutes did seem to reinforce the idea that the central bank is indeed planning to “taper” its QE3 stimulus program.
Karen Pribnow, Long-Time leader of NorthMarq’s Servicing Business, Announces Retirement
NorthMarq’s leader of its loan servicing business, Karen Pribnow, has announced her retirement at the end of 2013 after 40 years with the company.
Related Midwest Redesigns Luxury Chicago Condo Community
Related Midwest recently announced that it has completed the redesign of The Grant, a condo community that is part of the South Loop Luxury by Related collection in Chicago.
TODAY’S DEALS: Fisher Brothers Lands $100.7M for D.C. Development
HFF arranges financing for a TOD development in D.C.; Berkeley Point Capital closes $31.6 million for a Kennedy Wilson acquisition; and HFF arranges a $7.75 million, seven-year term, refinancing on behalf of AmeriSouth Realty.
Bell Buys Orlando Apartment Community
Bell Partners has bought Landmark at Universal for $48.26 million—or about $155,600 per unit—from Epoch Properties Inc.
MassHousing Closes Record $171.2 Million in Loans
In closing $171.2 million in loans for the acquisition, renovation and preservation of affordability at Georgetowne Homes in Boston’s Hyde Park, MassHousing established a new record.
Economy Watch: Mortgage Rates Spike
The recent uptick in interest rates has begun to have an impact on mortgages, according to Zillow.
TODAY’S DEALS: CBRE Sells Three-Property Portfolio in San Diego
CBRE sells three mixed-use assets; Beech Street closes a $30.9 million acquisition loan for a Houston property; and a Greenwich Village, N.Y., portfolio of mixed-use buildings sells for $32.34 million.
Greystar Taps David Reid for Senior Leadership Role to Spearhead Development Activities
Greystar recently announced the recent promotion of David Reid to senior managing director of development.