Regions
Economy Watch: Retail Sales See Downtick in October
U.S. retail sales declined 0.3 percent from September to October, according to the Census Bureau.
Pennrose Properties and dmhFund Team for First Philadelphia LGBT-Friendly Seniors Community
Pennrose Properties and The Dr. Magnus Hirschfeld Fund have begun construction on William Way, the first urban LGBT-friendly affordable senior housing development, in Philadelphia’s “Gayborhood” section.
Jersey Shore Apartments Open on Schedule
Walters Group has opened the first eight-unit building of Whispering Hills Apartments, an affordable rental property in Barnegat, N.J.
The Sterling Group Announces Opening of $7.5M Indiana Seniors Community
The Sterling Group has announced the grand opening of its new $7.5 million seniors community in Mishawaka, Ind. The community is owned by Heritage Place at LaSalle Square LP, whose partners include Memorial Hospital of South Bend and National Equity Fund, Chicago.
Today’s Deals: McCann Enters Nashville with 336-Unit Buy
McCann buys a 2009-built asset in Nashville, Tenn.; Beech Street closes $15.2 million for an acquisition; and Walker & Dunlop supplies a $3 million HUD-insured refinance loan.
The Brookhaven Acquisition a Slam Dunk for Admiral
In a joint venture with Wood Partners, Admiral Capital Real Estate Fund has acquired The Brookhaven, a 209-unit Class-A urban high-rise on the north side of Atlanta‘s exclusive Buckhead neighborhood.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 12.6 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending November 9, 2012.
Tricorp Hearn Celebrates Completion and Grand Opening of Foothill Farms Senior Apartments
Tricorp Hearn Construction recently celebrated the completion of Foothill Farms Senior Apartments, a $26 million, 138-unit affordable housing facility.
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.