Regions
Incentives Offered to Buyers at Palisades Park Condos
On the heals of a successful $25,000 incentive program for buyers at The M at Englewood South, the owners of the condominiums will be offering similar incentives to those who sign a contract on a new home at Trio, located at 800 12th St., in Palisades Park, by March 31.
Economy Watch: LPS: Home Prices Edge up in December
Ahead of Tuesday’s Case-Shiller numbers, Lender Processing Services released its LPS Home Price Index report, which is based on December 2012 residential real estate transactions. According to the index, U.S. home prices were up 0.1 percent in December compared with November, and up 5.8 percent year-over-year.
Texas Mulitfamily Developer to Access EB-5 Funding
Texas Urban Triangle Regional Center and multifamily developer TDI have formed a partnership to develop apartment properties funded through EB-5 foreign investment financing.
TODAY’S DEALS: TGM Associates Buys 712-Units in Chicago Suburb
TGM Associates buys a 712-unit asset from RREEF; Oak Grove Capital originates five loans in two weeks; and a Southern California LIHTC property sells for $23.4 million.
Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
Bellwether Enterprise announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise’s Multifamily Mortgage Finance business in May of 2012.
McKinley and Avanath Capital Launch New Partnership
Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced the launch of “mckinley – avanath” a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
Loan Secured for Supportive Housing Rehab in NY’s Dutchess County
The renovation of 116 units of supportive housing at Hudson River Lodging has been made possible through a $2.4 million permanent loan.
Economy Watch: Gas Prices Pause in Upward March
Gas prices did something a little unusual over the weekend: they went down slightly. According to AAA, Saturday’s national average was down a 10th of a cent per gallon compared with Friday, and Sunday’s average was down a bit more compared with Saturday, from $3.78 to $3.777 a gallon.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
Philly Investor Bags Jacksonville Apartment Community for $56M
GoldOller Real Estate Investments LLC has acquired Country Club Lakes Apartments for $56 million.