Regions
Economy Watch: Retail Sales Inch Up
U.S. retail sales grew at their slowest rate in three months, the Census Bureau reported.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Third Phase of Decatur Development Set to Begin
The Decatur Housing Authority is preparing to break ground on the third phase of the $30 million redevelopment of the Allen Wilson Terrace Public Housing community.
Pollack Shores Acquires Luxury Community for $28.2M
Pollack Shores Real Estate Group has recently acquired a 252-unit multifamily community in Melbourne, Fla., for $28.2 million. The community, called Polo Glen Apartments, is currently 94 percent occupied.
IREM Community Service Project Honored by the Brees Dream Foundation
A community service project undertaken jointly by the Institute of Real Estate Management (IREM®) and its Louisiana Chapter No. 55—benefitting St. Michael Special School in New Orleans—recently was honored by the Brees’ Dream Foundation.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
Yardi Systems Deploys Unified IP Business Communications Software from Interactive Intelligence
Yardi Systems, a provider of property management software and services, has deployed unified IP business communications software from Interactive Intelligence Group Inc.
Economy Watch: President Reiterates Economic Proposals
As expected, much of President Obama’s State of the Union address on Tuesday focused on the economy, and in particular what he wants to do about the nervous economic state of the American middle class.
NorthMarq Ranks Among Freddie Mac Top Mortgage Sellers With $1.9 Billion in 2012
NorthMarq Capital ranked among the country’s top-10 Freddie Mac multifamily mortgage lenders. NorthMarq produced a loan volume of $1.9 billion in Freddie Mac transactions in 2012, making it sixth on the list.
TODAY’S DEALS: Michigan Student Housing Portfolio Trades for $101.8M
A 2,772-bed portfolio trades hands in Michigan; The RADCO Cos. buys a 144-unit asset in Georgia; and Johnson Capital arranges a $8.4 million, five-year fixed-rate loan from a bank.