Regions
Economy Watch: Unemployment Claims Drop as Year Comes to Close
U.S. workers filing applications for unemployment dropped the week ending Christmas Day; 2010 saw 157 banks fail; and the NAR Pending Home Sales Index rose.
DEAL OF THE DAY: Chozick Brokers Sale of Condo-Quality Apartments for $1.175M
Hartford, Conn.–Ryan Perkoski of Chozick Realty, Inc. arranged the sale of 51 Imlay Street, a courtyard-style apartment complex.
Fashion-Branded Manhattan Condo Property Reaches 90 Percent-Sold Mark
New York–Condominium buyers have found a unique building at 20 Pine The Collection, the very first fashion-branded luxury residential property in the United States.
FHLB Awards $10M in Funding for New England Affordable Housing Initiatives
Boston–The Federal Home Loan Bank of Boston has unveiled a variety of funding initiatives to promote affordable housing in Connecticut and Rhode Island.
Hoboken Brownstone Donates Riverfront Park to City of Hoboken
Hoboken, N.J.–Hoboken Brownstone Company’s socially conscious endeavors along New Jersey’s Hudson River Gold Coast continue with its recent gifting of the 13.5-acre Maxwell Park in Hoboken.
DEAL OF THE DAY: Walker & Dunlop Closes $26.1M Partial Interest-Only Acquisition Loan
Lakeland, Fla.–Walker & Dunlop provided a $26,100,000 acquisition loan for Victoria Manor Apartments.
MARKET SNAPSHOT: Larger Units in Manhattan Experienced Greatest Rent Growth
New York–The Real Estate Group NY (TREGNY)’s December Manhattan Rental Market Report showed a market more driven by the economy than the season.
Thomas Secures Idaho’s First LEED for Homes Platinum Certifications
Thomas Development Co. obtained LEED for Homes Platinum certification for its new Rosslare Senior Apartments and Cardona Senior Apartments properties.
Archstone Commences Construction of 349-Unit Apartment Project in Suburban DC
Gaithersburg, Md.–Archstone is not pulling any punches in the construction of the Archstone Olde Towne development in Gaithersburg.
DEAL OF THE DAY: Raintree Acquires Its Eighth Property in 2010 for $16.7M
Livermore, Calif.–Raintree Partners completed the acquisition of Meadowbrook Apartments, a 125-unit multifamily property in Livermore, Calif.