Regions
Wood Partners Sells North Seattle Apartment Community for $29.4M
Wood Partners sold Jasper by Alta, a 91-unit luxury apartment community in Wedgwood, Wash., for $29.4 million to Jasper 91 LLC, which is associated with Calfox Inc.
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
Economy Watch: Lending Standards Easing for Business, CRE
The Federal Reserve reported in its April “Senior Loan Officer Opinion Survey on Bank Lending Practices” that domestic banks, on average, are reporting they have eased their lending standards over the past three months and are experiencing stronger demand in several loan categories.
Suburban D.C. Apartments Slated for $8M Renovation
Work has started on an $8 million renovation of the Overlook Apartments in Hyattsville, Md.
Hutton Companies Begins Construction on $43M Mixed-Use Community
Hutton Companies has started construction on La Verne Village in La Verne, Calif. The community is a $43 million, 172-unit mixed-use development located in the San Gabriel Valley on Historic Route 66 and will be designed by KTGY Group Inc. Architecture + Planning,
L+M founders to be honored by Greyston Foundation
Sandy Loewentheil and Ron Moelis, co-founders of L+M Development Partners (L+M), will be honored by The Greyston Foundation, a pioneer in social enterprise that creates jobs and provides integrated programs that move individuals toward self-sufficiency, at its 2013 Annual Benefit on May 22.
TODAY’S DEALS: Centerline Provides $66.2M for Three Pennsylvania Assets
Centerline refinances three assets; and Harbor Group International buys a 256-unit apartment community in Virginia Beach.
Recent Slowdown in Economic Growth Likely Short-Lived
The year’s strong start faded late in the first quarter across many key economic indicators, but the recent set-back likely is a temporary one, according to Fannie Mae’s Economic & Strategic Research Group
Economy Watch: Unemployment Inches Down in Most States
The Bureau of Labor Statistics reported that the unemployment rate in 40 states and the District of Columbia dropped, while three states experienced increases and seven states had no change in April compared with March.
Manhattan Condo Property Sees Rapid Sales
In another example of the revived heat of New York’s condo market, the developers of Citizen, a new condo property in Manhattan, report that about 85 percent of its units have been sold in roughly eight months of active marketing.