Regions
The Donaldson Group Acquires Va. Property for $107.5M, Plans $5M Renovation
The Donaldson Group and its equity partner Angelo, Gordon & Co. have acquired Rolling Brook Village, a multifamily community in Woodbridge, Va., for $107.5 million.
Arbor’s FHA Lending Group Accelerates Expansion with Hiring of Matthew Carey, VP of FHA Lending
Arbor Commercial Mortgage LLC, a national direct commercial real estate lender, has further expanded its multifamily and seniors/healthcare lending capabilities under the HUD/FHA loan programs with the appointment of Matthew Carey as vice president of FHA lending in the company’s Cleveland office.
Economy Watch: December Job Creation Middling
The Bureau of Labor Statistics said on Friday that the U.S. economy created 155,000 jobs in December, with healthcare, food services, construction and manufacturing all adding positions.
Americans Continue to Expect Growth in Home Prices
Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae’s December National Housing Survey results.
AMF Nears Completion on Gen Y Housing Concept
AMF Development LLC has topped out the first of a planned series of developments it calls Young Urban Communities.
TODAY’S DEALS: Crescent Resources Begins $67M Atlanta Development
Crescent Resources breaks ground in Atlanta’s Terminus development; Continental Realty Advisors sells a Phoenix asset for $50 million; and EdR announces $152 million in year-end activity.
Bay Area’s Candlestick Heights to Offer Crucial Affordable Housing
Financing is in place for acquisition and development of Candlestick Heights, a 196-unit affordable rental community just to the west of Candlestick Park in San Francisco.
Economy Watch: Employment Barely Growing Enough to Keep Up
The final monthly employment report of 2012, released by the Bureau of Labor Statistics on Friday, pointed to continuing tepid growth in U.S. employment.
TODAY’S DEALS: Philly Joint Venture Announces a 27-Story High Rise
Wexford Equities and Southern Land Co. announce a Philly development with a 2015 delivery; Steadfast ends 2012 with over $100 million in acquisitions; and Transwestern closed the year with Mid-Atlantic sales totaling nearly $100 million.
Kentucky’s Largest Apartment Community Sold
Park At Hurstbourne, a 689-unit Louisville apartment community recognized as the largest in Kentucky, has been sold.