Regions
Economy Watch: Fiscal Cliff Deal?
Over the weekend and into Monday, there were rumors from Washington that hinted at the possibility of a deal on the fiscal cliff. They were vague murmurs, but enough to catch the attention of the chattering classes and investors.
Candlebrook Buys Philly-Area Apartment Community for $83M
Candlebrook Properties LLC and Angelo, Gordon & Co. have acquired the Echelon Glen apartment community, which totals 900 units in 63 buildings in Voorhees, N.J. The property traded for about $83 million.
Tricap Acquires Ohio Community for $8.3M
Tricap recently announced it has finalized the acquisition of Residences at Sawmill Park, a community in Columbus, Ohio.
TODAY’S DEALS: JP Morgan Sells 250-Unit Texas Asset
Cortland Partners buys an asset from JP Morgan in Texas; Grandbridge arranges $21 million for a student housing community in Minnesota; and Jones Lang LaSalle brokers an Inland Empire sale by Essex Property Trust to Western National.
Prudential Mortgage Capital Company Announces Leadership Change
Prudential Mortgage Capital Company today announced that David Durning, has been named successor to David Twardock, who intends to retire from his role as president.
Greystone Leads Nation as Top FHA Loan Originator
Greystone today announced its position as the leading FHA Multifamily Loan Originator by dollar volume, according to recently released data by the US Department of Housing and Urban Development.
Waterton Associates Buys North Miami Property, Plans Renovation
Watermarke at Biscayne Apartments, a 402-unit North Miami, Fla., apartment community, has been acquired in an off-market transaction by Chicago’s Waterton Associates, which plans a major refurbishment of the rental property.
Economy Watch: CPI Drops for First Time in Six Months
The Bureau of Labor Statistics reported on Friday that the U.S. Consumer Price Index declined 0.3 percent in November compared with October, the first time since May that the all-price index has edged down.
California Mixed-Use Property Wins LEED Gold
The Alhambra, a 45-acre mixed-use property in Alhambra, Calif., has won LEED gold certification.
TODAY’S DEALS: AFL-CIO Invests $33.5M in Boston Public Housing Redevelopment
HIT provides $33.5 million for a public housing rehab; Mesa West Capital funds a $32.3 million loan in two weeks; and Walker & Dunlop places $19.8M for a pair of LIHTC assets in Virginia.