Regions
Economy Watch: More Evidence of Higher Home Prices
Case-Shiller’s most recent numbers last week pointed to sustained growth in U.S. home valuations, though the report was for the three months ending in May.
MacFarlane Acquires Land for Seattle Community for $2.7M
Investment management firm MacFarlane Partners has announced that it has acquired 251 8th avenue North in the South Lake Union area of Seattle, the final parcel for the site of a new 174-unit community.
TODAY’S DEALS: Trammel Crow Sells Austin Asset
ARA brokers a Trammel Crow sale; Berkeley Point Capital closes $12.5 million for a Dallas acquisition; and Arbor Commercial Mortgage funds $49.6 million in FHA financing for properties nationwide.
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.
Improving Markets List Includes 247 Metros in August
A total of 247 metropolitan areas across 49 states and the District of Columbia qualified for inclusion on the National Association of Home Builders/First American Improving Markets Index for August.
Behringer Harvard Multifamily REIT I, Inc. Enters into Arrangements to Become Self-Managed
Behringer Harvard Holdings LLC announced that a special committee of the board of directors of Behringer Harvard Multifamily REIT I, Inc. and affiliates of Behringer Harvard, including the REIT’s dedicated advisor and property manager, have entered into contractual arrangements whereby the REIT will begin the process of becoming self-managed.
PRG Real Estate Acquires 200-Unit Community Near Charleston
PRG Real Estate has acquired Churchill Commons, a 200-unit garden-style apartment community situated on 10 acres of a serene park like setting in Summerville, S.C.
Economy Watch: Lenders Ease Their Standards (a Bit) in 2Q
According to the Federal Reserve, reporting in its July 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices, domestic banks claim (on balance) to have eased their lending standards, and have experienced stronger demand for loans over the past three months.
TODAY’S DEALS: Indiana Community Sells for $37.8M
Marcus & Millichap brokers a 400-unit sale; Landmark Apartment Trust of America closes two separate acquisitions in Florida; and Berkeley Point Capital facilitates a $24.95 million refinance for a seven-year term.
Brandywine Homes to Break Ground on Calif. Community
Brandywine Homes recently closed escrow on a multifamily community in Buena Park, Calif.