Regions
Berkeley Point Capital Expands Seniors Origination Team with the Hiring of Philip Hoffman
Philip Hoffman recently joined Berkeley Point Capital LLC as director, seniors and healthcare loan originations.
Gebroe-Hammer Orchestrates Sale of Two Pennsylvania Communities for a Total of $4.94M
Gebroe-Hammer Associates, a Livingston, N.J.-based firm, represented two sellers of multifamily properties in separate transactions in southeastern Pennsylvania totaling a combined 51 units that sold for $4.94 million.
Most Commercial/Multifamily Delinquency Rates Decline in Q1
Delinquency rates for commercial and multifamily mortgage loans generally declined in the first quarter of 2013, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
Kayne Anderson Buys St. Louis Student Housing
Kayne Anderson Real Estate Advisors has acquired four properties in St. Louis. The portfolio consists of three adjacent apartment buildings totaling 406 units, and a 746-space parking garage. The buyer did not specify a purchase price.
Hanover Pacific Breaks Ground on Mixed-Use Student Housing Community
Hanover Pacific has broken ground on a mixed-use, 173,000-square foot graduate student housing community near Western University of Health Sciences, a private, non-profit graduate school for health professionals in Pomona, Calif.
TODAY’S DEALS: MAA and Colonial Properties Trust to Merge
MAA & Colonial Properties to merge in an 85,000-unit REIT; Post Properties closes on a $48.6 million buy in Orlando, Fla.; and Meridian Capital negotiates financing for mixed-use and multifamily properties in New York.
Meta Housing Corporation Completes Hollywood TOD
The Metro @ Hollywood, a $43.8 million transit-oriented mixed-use development featuring 120 affordable senior apartments and 5,500 square feet of ground floor retail, is now complete. Meta Housing Corporation is the developer of the property.
Economy Watch: Income Drops Slightly in April
The Bureau of Economic Analysis reported that personal income was down $5.6 billion, or a bit less than 0.1 percent, in April.
Joint Venture Breaks Ground on Affordable Community for Those with Developmental Disabilities
New York State Homes & Community Renewal, the New York State Office for People with Developmental Disabilities, Occupations Inc. and Warwick Properties Inc. announced the groundbreaking of an affordable community in Middletown, N.Y.