Regions
TODAY’S DEALS: Post Brothers Completes Largest Market-Rate Philly Buy in 2012
Post Brothers acquires a Philly asset for $51 million; Berkeley Point Capital arranges a $29.1 million first mortgage to pay off an existing bridge loan; and Lee & Associates brokers a $15.6 million sale in Burbank, Calif.
Groundbreaking Ceremonies Herald Start of Old Colony’s Phase Two
Groundbreaking ceremonies were recently held to mark the construction start on Phase Two of The Homes at Old Colony Redevelopment Project in South Boston.
Refinance Applications Fall to Lowest Level in Over a Month in Latest MBA Weekly Survey
Mortgage applications decreased 12.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 14, 2012.
Economy Watch: Homebuilders Feeling a Little More Optimistic
The National Association of Home Builders reported that builder confidence in the market for new single-family homes rose for an eighth consecutive month in December to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Picerne Military Housing Awarded $72M Public-Private Partnership Development with the U.S. Army
Picerne Military Housing recently closed on a $72 million public-private partnership deal on Reece Crossings at Fort Meade in Maryland.
Centerline Capital Group Selected By U.S. Department of Housing and Urban Developmen for Tax Credit Pilot
Centerline Capital Group announced it was selected to participate in a tax credit pilot program conducted by the U.S. Department of Housing and Urban Development.
Economic Activity Continues to Underperform Despite Third Quarter Spike
The accelerated pace of economic activity seen in the third quarter has ebbed, revealing a continued sluggish recovery in the fourth quarter, according to Fannie Mae’s Economic & Strategic Research Group.
TODAY’S DEALS: Spirit Bascom Completes $43.4M Connecticut Purchase
Spirit Bascom Ventures buys a $43.4 million property in Connecticut; Kennedy Wilson grabs a $41 million asset in Washington; and NorthMarq arranges $38 million in acquisition financing supplied by a life insurance company.
PROFILE: TD Bank Eschews Bailout, Provides Consistent Financing
TD Bank regards its reliability for customers—the noted ability to continue to support borrowers through tough economic times—as one of its competitive advantages.
Mill Creek Residential Opens Luxury Multifamily in Nassau County
Mill Creek Residential has opened West 130, a transit-oriented luxury rental community in the Long Island town of West Hempstead, N.Y.