Anna Spiewak
Economy Watch Weekly: Homebuilders Happy; No Inflation
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Aug. 16.
Lyon: Capital One’s Buy of Beech Street Capital a Strategic Move
In an interview with CPE, Rick Lyon, head of commercial real estate banking for Capital One, said the acquisition of Beech Street Capital is not purely about timing but a “a long-term strategic move” for Capital One.
Capital One Buys Beech Street Capital
Capital One Financial has opted to expand its multi-family banking business by acquiring one of the country’s largest issuer of Fannie Mae, Freddie Mac and FHA multi-family loans–Beech Street Capital.
Interest rates on commercial and residential property mortgages have been rising quietly.
—Marcelo Bermúdez, president, Figueroa Capital Group, subsidiary of Charles Dunn Co.
Steadfast Makes Largest Purchase with $80M Austin Apartment Acquisition
Steadfast Income REIT acquired Meritage at Steiner Ranch in Austin for $80 million and The Belmont in the Dallas/Fort Worth Metroplex for $12 million, pushing its portfolio to more than 10,000 units in 43 apartment communities in 10 Midwestern and Southern states.
Economy Watch Weekly: Wages, Salaries Up; Long-Term Investment in RE Down
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Aug. 9.
You must be logged in to post a comment.