Regions
Economy Watch: Investors Wait on Word From ECB
Last week, investors seemed to pause while they were waiting for Fed chairman Ben Bernanke to speak some magical words. This week, the markets seem to be stuck in neutral waiting for ECB president Mario Draghi to outline his central bank’s plan to “save the euro,” to put it in (overly) dramatic terms.
Investor Buys Austin Apartment Property
Falcon Southwest has purchased the 324-unit Deerfield Apartments from Nevins Adams Lewbel Schell. The property is located close to Mopac Expressway about 10 miles southwest of downtown Austin, Texas.
Waterton Associates Acquires Arizona’s Andante Apartments
Chicago-based multifamily company Waterton Associates has acquired Andante Apartments, a 576-unit community in the upscale Ahwatukee Foothills area south of Phoenix.
TODAY'S DEALS: Bascom Arizona Ventures Grabs a Class-A Asset
Bascom completes a $27.2 million purchase; Steadfast Income REIT acquires a property in Louisville; and HFF closes the sale of a 240-unit community in Dallas.
Economy Watch: Homes See Significant Annual Increase in July
CoreLogic reported on Tuesday that home prices nationwide, including distressed sales, increased by 3.8 percent in July 2012 compared to July 2011.
Apartment Rents, Occupancies Still Rising
According to Axiometrics, national effective rents for the U.S. apartment market increased 0.54 percent from June to July, bringing year-to-date effective rent growth up to 4.42 percent.
HFF Closes Sale on Multifamily Community Near Oregon State University
HFF announced that it has closed the sale for Grand Oaks Apartment Homes, a community near Oregon State University in Corvallis, Ore.
TODAY'S DEALS: Beech Street Closes $26.3M Loan for N.J. Acquisition
Beech Street closes N.J. acquisition financing; CB Richard Ellis — N.E. Partners brokers a $21 million sale; and HFF closes a $14.5 million sale in Oregon.
Malaysia’s First Grand Hyatt Opens
Hyatt Hotel Corporation has announced the opening of Malaysia’s first Grand Hyatt, the Grand Hyatt Kuala Lumpur.
Economy Watch: QE3 Soon? Probably (Maybe)
Investors waited all week for Ben Bernanke’s annual Jackson Hole, Wyo., end-of-summer speech, and the chairman of the Fed delivered… something.