Regions
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.
Bozzuto Tapped to Manage CityCenterDC Apartments
Hines and the TFI US Real Estate Fund have selected Bozzuto Management Co. to market and manage the apartment component of the mixed-use CityCenterDC development in Washington, DC.
Holland Partners Group Develops $53M Mixed-Use L.A. Community
Holland Partners Group announced that its $53 million mixed-use community at 1111 Wilshire Blvd. in Downtown Los Angeles is open for leasing.
CNL Growth Properties Developing Class A Multifamily Community Near Nashville
CNL Growth Properties, a real estate investment trust, has partnered with Crescent Communities LLC on the $40.3 million development of Crescent Cool Springs, a Class A, garden-style apartment community in Franklin, Tenn., which sits about 15 miles south of Nashville.
Economy Watch: Residential Delinquencies Continue Drop
Lender Processing Services released its latest Mortgage Monitor, which found that the national delinquency rate for residential mortgages continued to fall in May, marking the largest year-to-date drop since 2002.
Lower East Side Property on the Block
The mixed-use 174 Delancey St. property in Manhattan has been put on the market. It’s a two-building property including 22 apartments, two retail spaces, a courtyard and about 5,000 square feet of air rights.
Western National and Nor’wood to Develop Colorado Springs Community
In their fourth joint venture in Colorado Springs, Colo., Western National Group and Nor’wood Development Group are developing a multifamily community in the InterQuest Marketplace development.