News
Decent Sum Surfs into St. Pete Beachfront Resort
A 196-room boutique resort hotel in St. Petersburg Beach has recently received a generous financing, shortly after it changed ownership.
Matthews ACTS on Expanding Senior Living in the Charlotte Area
Plantation Estates, one the most sought-after retirement communities in the greater Charlotte area is expanding and expanding big
New York Life Refinances Apartments for Praedium
By Eliza Theiss, Associate Editor New York Life Real Estate Investors has originated a $24.5 million mortgage on behalf of institutional investors for a 270-unit multifamily asset in North Charleston, S.C., the New York Life Insurance Co. subsidiary announced. The loan represents acquisition funding for The Praedium Group. According to Yardi Matrix data, the property, […]
Economy Watch: Debt-Service, Mortgage Spending Down
By Dees Stribling, Contributing Editor Some optimistic news about consumers: they’ve continued to deleverage from high amounts of both mortgage loans and consumer loans. That’s according to the Federal Reserve on Friday, which reported that currently on average, consumer debt service payments — mortgage and otherwise — is now less than 10 percent of disposable income. As of the first quarter of 2015, in fact, the average stood at 9.92 percent, almost the same as in the last quarter of 2014, when it was 9.91 percent. Mortgage payments in the first quarter this year ate up an average of 4.62 percent…
HFF Arranges Refi for The Green Cos.’ Dadeland Office Tower
A landmark Class A office property, a key member of an impressive Dadeland portfolio, secured a refinancing deal.
Dominium Realty, Prudential Open Rare Speculative Office Development in Downtown Raleigh
Charter Square, an 11-story speculative office building at the south end of Fayetteville Street in downtown Raleigh, officially opened.
New-to-Triangle Multifamily Investor Expands in Durham
Seven Oaks Townhomes, a 272-unit townhouse-style apartment community in north Durham, has a new owner.
Colorado Center Spicing Things Up with New Expansion
Two out-of-state players are betting big on Denver’s thriving real estate market.
Park7 Group Takes Student Housing Project Another Step Forward
New York-based Park7 Group, a firm founded in 2010 by a group of student housing professionals, has taken another step towards the start of construction for its planned 280-unit apartment complex in Baton Rouge. This month, the company has finalized the acquisition of the site where it intends to construct the new building.
Moody Expands in Tennessee
Embassy Suites Nashville at Vanderbilt, a 208-key hotel in Nashville’s Midtown has officially changed hands