Regions
Economy Watch: Commercial Mortgage Originations Dip in 3Q
Commercial and multifamily mortgage origination volumes dropped by 7 percent during the third quarter of 2012 compared with the same quarter in 2011, according to the Mortgage Bankers Association.
TODAY’S DEALS: Federal Capital Partners Completes D.C. Sale
Federal Capital Partners sells an asset in Washington, D.C.; Wood Partners breaks ground in Colorado; and HFF closes on a $10.9 million value-add transaction.
Riverfront Residential Lures Residents With Rent-Free Program
Riverfront Residential has launched a new marketing program to attract new renters called ‘Live Free ‘Til 2013.’ With this program, Riverfront Residential is offering free rent until the end of 2012 for two-bedroom apartments starting at $2,150 at its Riverwalk community in Elmwood Park, N.J.
Springboard and MMI Team Up for $25M Housing Initiative
Springboard Nonprofit Consumer Credit Management Inc. has partnered with Money Management International to establish a $25 million dollar initiative designed to address the affordable housing crisis in the United States.
Economy Watch: IEA Predicts Further Boom in U.S. Energy Production
The International Energy Agency, which released the 2012 edition of its “World Energy Outlook” on Monday, predicts that the United States is well on the way to becoming the world’s top oil producer.
New York Buyer Acquires Houston Apartment Property
Besyata Investment Group, a real estate investment company based in Brooklyn and specializing in value-add deals, has bought Silver Leaf, a 224-unit, Class B apartment property in Houston from Philadelphia-based Resource Real Estate.
TODAY’S DEALS: JV Lands Financing for Houston High-Rise
PM Realty and the INDURE Fund land construction financing; Cardinal Group Investments buys a Portland asset; and NorthMarq arranges a $13.9 million Freddie Mac loan.
Chicago’s Real Estate Forum Probes Multifamily’s Present, Future
At the 2012 Real Estate Forum in Chicago, experts discussed rent increases and the habits of echo boomer renters.
Economy Watch: Foreclosed Properties Less Discounted Than Before
Even in a healthy economy, foreclosed residential properties typically sell at a discount to non-foreclosed ones, but during the worst of the recession, when foreclosures flooded many markets around the country, the pricing difference between the two was especially pronounced.
TODAY’S DEALS: HFF Arranges $56M Acquisition Financing for Seniors Housing Portfolio
HFF arranged $56 million in financing for a four-property seniors housing portfolio with 419 units located in Portland, Ore.; and ARA announces sale of a 560-unit property in a value-add transaction.