Regions
TODAY’S DEALS: Commercial Property Advisors Brokers $2.067M Sale of LIHTC Property
Commercial Property Advisors brokers a $2.067 million sale of a LIHTC property; and NorthMarq arranges a $18.98 million loan.
Construction Begins On Hyatt Hotel’s First Extended-Stay Property in the Caribbean
On October 29th, a groundbreaking ceremony marked the start of construction on the new Hyatt House San Juan, the first extended-stay property to be developed in Puerto Rico.
DAMAC Properties Amasses Awards
Residential, hospitality and commercial developer DAMAC Properties has received five awards during the property awards season, increasing its past successes.
Union Investment Real Estate AG Acquires Poland’s Largest Shopping Center in Largest Single Retail Asset Deal of the Year in Europe
Union Investment Real Estate AG has closed on the acquisition of the Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
SPECIAL REPORT: Multifamily Industry Will Decelerate in 2013, Panelists Agree
The exuberant levels of multifamily rent increases, transactional activity and equity investments are due for a slowdown over the next year, suggested speakers at the 2012 CREW Network Convention and Marketplace held in Chicago.
Greystar’s Elan Settler’s Landing Celebrates Grand Opening in Maryland
Greystar recently celebrated the grand opening of Elan Settler’s Landing, a new 240-unit, Class-A luxury apartment community in California, Md.
Suburban N.Y. Affordable Apartments Completed
Spring Valley Family Apartments, a mixed-use development featuring 55 units of affordable housing and 6,500 square feet of ground floor commercial space in downtown Spring Valley, has been completed.
Economy Watch: Job Creation Continues Steady Pace
The Bureau of Labor Statistics, despite speculation involving hurricane-related delays, did indeed report the monthly employment numbers on Friday, as scheduled. The result: the U.S. economy created 171,000 jobs in October, more-or-less as expected. The unemployment rate ticked up a bit, to 7.9 percent.
TODAY’S DEALS: HFF Arranges $11.5M Refinancing for Manufactured Home Community
HFF announced it has arranged an $11.5 million refinancing for Pacific Skies Estates; and Boston Capital Invests in a tax credit rehabilitation.
SPECIAL REPORT: Hurricane Sandy Likely to Stimulate Economy in Medium Term
Commercial property financing volume has increased by 25 percent in the first few weeks of the fourth quarter, said Sam Chandan, president and chief economist of Chandan Economics.