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Tempo Properties Sells 1,188-Unit Atlanta Multi-Family Portfolio
The most recent deal out of Atlanta is the $35.8 million sale of a 12-property, 1,188-unit multi-family portfolio from Tempo Properties to a private investor located in Washington state.
Economy Watch: Homebuilders, Fannie Mae Feel Better About '12
While the homebuilders’ index is still low, it’s in much better shape than it was last year. Fannie Mae reported that things are looking up for the year, albeit modestly. And Apple is acting like a blue-chip firm with its stock-repurchase program.
Investcorp Acquires $65M Mixed-Use Portfolio in California
In the largest transaction to close in the Northern San Francisco Bay Area thus far in 2012, Investcorp has added a 14-property portfolio to its holdings in a partnership with PB&J Acquisitions.
$127M Loan on Cleveland Office Latest Refi Success Story
The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland is both one of the larger recent CRE refis and an example of the current refi trend.
Economy Watch: Consumer Sentiment Edges Down in February
Consumer sentiment dropped in February, according to a Reuters/University of Michigan poll. The surge in gas prices accounted for most of the uptick in February’s CPI. And manufacturing edged up a little in the first month of 2012.
D.C.'s Crystal City Submarket Sees $161M Refi for Two Multi-Family Properties
Bainbridge Cos. and The Carlyle Group have secured two loans totaling $161.4 million for the refinancing of two apartment properties in the thriving Washington, D.C. area. The assets, The Bennington and Crystal Square, encompass an aggregate 726 residences.
Brookfield, Hillwood JV on $1B Acquisition Vehicle
With the U.S. industrial market improving, Brookfield Asset Management and Hillwood announced a joint venture that is expected to invest as much as $1 billion in industrial properties over the next three years.
Economy Watch: Foreclosures Not Spiking Just Yet
The foreclosure machine is taking a little while to gear up nationwide. Wholesale prices rose on average in January, pushed by the cost of oil. And yesterday saw a slight decrease in unemployment claims, along with a rise in the Dow.
Bascom Group Acquires 406-Unit Hawaii Apartment Community for $74M
The Bascom Group makes a big addition to its portfolio in Hawaii with the purchase of Oasis at Waipahu Apartments, a 406-unit residential community in Waipahu, for $73.5 million.
Research Firm CNA Inks 173 KSF Lease in Arlington
Construction has not yet commenced on the 200,000-square-foot office building at 3001 Washington Blvd. in Arlington, Va., but it’s already near maximum occupancy, courtesy of a 173,000-square-foot commitment from CNA.