Regions
Economy Watch: CoreLogic Says Home Prices Up
Home prices nationwide increased on a year-over-year basis by 2.5 percent in June 2012 compared with the same month last year, including distressed sales, according to CoreLogic on Tuesday.
Elmwood Park, N.J., Gets First Luxury Multifamily Community
Riverfront Residential, a New Jersey-based development company, recently announced that construction is complete on the first phase of Riverwalk, the first luxury multifamily community in Elmwood Park, N.J.
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.
Economy Watch: Employment Growth Up, But Economy Still Spinning Its Wheels
Though the report turned out better than expected, July’s employment numbers still count as mediocre.
Terra Group Plans for New Residential Towers in Coconut Grove
Terra Group, a Miami-based real estate development company, is planning to build Grove at Grand Bay, two luxury towers nestled in Coconut Grove comprising 96 units. The residential buildings are expected to be certified LEED Silver.
TODAY'S DEALS: AIMCO Completes 192-Unit Sale
AIMCO buys a 192-unit asset in Florida; Arbor closes six DUS deals totalling $33.5 million; and CB Richard Ellis — N.E. Partners LP completes the sale of a $10 million asset in Allston, Mass.
Economy Watch: Demand for Prime Mortgages Up
The Federal Reserve released its July “Senior Loan Officer Opinion Survey on Bank Lending Practices” on Monday, offering the conclusion that “modest fractions of domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months.”
TODAY'S DEALS: EdR Completes Mezz Loan, Enters Option to Purchase Penn State Asset
EdR invests in a Penn State development; HFF provides financing for three Texas assets; and Boston Capital invests in two affordable developments.
Ground Broken on Texas Luxury Community for Seniors
SRP Medical announced it has broken ground on Magnolia Heights, a luxury community for seniors in Spring, Texas. It will be the first new senior living community that provides assisted living and memory care residences in the area in over 10 years.
Twin City Multifamily on a Roll
Apartment rents in the Twin Cities have reached record highs, according to the latest report on the market by investment specialist Marcus & Millichap.