Regions
RED Records Record Year in 2012 and Captures MBA Top FHA/Ginnie Mae Origination Ranking
Comprehensive capital provider RED Capital Group announced that according to a recent 2012 Annual Origination Rankings report released by the Mortgage Bankers Association, RED’s mortgage banking arm, Red Mortgage Capital LLC, was the top originator for FHA/Ginnie Mae loans in 2012 providing 231 FHA loanstotaling $2.176 billion.
Starwood Hotels & Resorts Opens First W Branded Property in Mainland China
Starwood Hotels & Resorts has launched the W Hotels brand in Mainland China with the opening of W Guangzhou.
Decade-Long Development in Inland China Completes its 13th Phase
A decade-long development effort by Sunac Real Estate was recently commemorated during a ceremony organized by the developer.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
Deutsche Asset & Wealth Management Forms Energy-Efficient Property Investment Team
Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.
MassHousing Announces Five Appointments to Senior Management Positions
MassHousing Executive Director Thomas R. Gleason announced the appointments today of five individuals to senior management positions.
Brookfield Multiplex Tops Out $365M University of Sydney Research Facility
Brookfield Multiplex, the leading global contractor with completed works worth over AUD$51 billion, has announced topping out University of Sydney’s newest structure at its expanding New South Wales campus.