Regions
Glassy Condos Rising in Weehawken, N.J.
Ground has been broken for a new 74-unit condominium building on Weehawken’s Hudson River waterfront.
Economy Watch: New Home Sales Edge Up
New home sales were up in July to an annualized rate of 372,000 units, compared with a revised June total of 359,000, according to the Census Bureau.
TODAY'S DEALS: ZOM, Northwestern Mutual Break Ground in Florida
A joint venture breaks ground in Palm Beach County; Greystone Funding Corp. originates $73.7 million for two affordable assets in New York; and Alliant Capital converts the interest rate of a $5.86 million ARM to 3.99 percent.
Bedok Mall Joins Bedok Residences in Ambitious Mixed-Use Development in Singapore
The Singapore mixed-use market is on track to see a large project take shape as the Bedok Mall, the area’s first major shopping mall, was announced for Q4 of 2013.
Chicago Investor Buys South Side Property, Plans Rehab
Tricap Chicago, an apartment property specialist, has acquired a 31-unit apartment building on South Greenwood Ave. in Hyde Park’s Kenwood neighborhood.
Crescent Resources Opens Student Housing in Texas
Crescent Resources has opened Circle West Campus, a student apartment community located at the intersection of West 25th and Longview Streets by the University of Texas.
MARKET SNAPSHOT: Shortage of Available Inventory Favoring Landlords, Sending Vacancies to Floor in Boston
Vacancy in Boston continues to pace well below the national average, even beginning to rival lows seen in cities like New York and San Francisco.
Economy Watch: Existing Home Sales Edge Up in July
According to the National Association of Realtors, total U.S. existing-home sales grew 2.3 percent to an annualized rate of 4.47 million in July from 4.37 million in June, coming in at 10.4 percent above the 4.05 million-unit rate in July 2011.
TODAY'S DEALS: Waterton Associates Re-Enters Phoenix With 576-Unit Purchase
Waterton Associates buys a Phoenix asset; EdR breaks ground on Phase II at Mansfield University; and Centerline Capital Group provides a FHA 223(a)(7) refinance mortgage to replace an existing 221(d)(4) loan and lower interest rate.
Kushner Buys Stake in Baltimore/DC Apartment Portfolio
Kushner Cos. has acquired roughly a 25 percent ownership stake in 10 multifamily assets totaling 5,517 units in Baltimore County and Prince George’s County, Md.