Regions
TODAY’S DEALS: Prudential Provides $160.4M for Two NYC Apartments
Prudential provides $160.4 million for two Manhattan acquisitions; Canadian REIT Morguard completes a six-property purchase in the South; and NorthMarq Capital arranges a $23.85 million fully amortizing loan.
BDO Study Shows Uptick in REIT Conversion
The 2013 BDO RiskFactor Report for REITs, a new survey by BDO USA, finds that a surge in companies filing for REIT status may be leading to an increase in scrutiny over which companies should qualify.
Video – Q1 2013 Apartment Trends
Reis Reports Chief Economist Dr. Victor Calanog covers Q1 2013 Apartment Trends and provides an outlook for the coming months in the sector.
Rent Recovery Solutions Offers New Collections Service to the Multi-Family Property Industry
Rent Recovery Solutions LLC (RRS), a specialized collections agency focused solely on the needs of the multifamily property industry, announced that it is fully integrated with Yardi Systems Voyager Software.
Economy Watch: Memorial Day Weekend Travel Edges Down
Ahead of the holiday weekend, AAA estimated that 34.8 million Americans would travel more than 50 miles from home during the period from May 23 to May 27.
South Orange Mixed-Use Property Under Way
Ground has been broken for The Gateway, a mixed-use property in South Orange, N.J. The development will include 57 one- and two-bedroom apartment units, as well as about 9,100 square feet of high-end retail space.
TODAY’S DEALS: Walker & Dunlop Arranges $12.4M for Iowa Independent Living Facility
Walker & Dunlop provides $12.4 million for an independent living asset in Iowa; and Beech Street Capital closes $18 million for an Orlando acquisition.
Shea Apartment Communities Announce New Calif. Community Already 25 Percent Occupied
Shea Apartment Communities announced that The Artisan Apartments at East Village in Oxnard, Calif., which opened their leasing center three months ago, is already 25 percent occupied and 32 percent leased.
Braeburn Estates’ Master Planned 1.45-Million-Square-Foot Shell Centre Redevelopment Approved
The planning application submitted by Braeburn Estates, a joint venture between Canary Wharf Group and Qatari Diar to redevelop the Shell Centre on London’s South Bank, has been approved by the London Borough of Lambeth.
Economy Watch: New Home Sales Up in April
The Census Bureau reported on Thursday that new home sales were at an annualized rate of 454,000 units in April, up from 444,000 in March, which was revised upward from 417,000—an unusually strong revision. The bureau revised the February and January totals up significantly as well.