News
MBA SPECIAL REPORT: CMBS Financing to Become More Attractive for Borrowers
CMBS financing terms are becoming increasingly more favorable for borrowers, suggested panelists at the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention and Expo 2014.
Economy Watch: CBO: Budget Deficit Shrinking; Home Prices Plateau
As the economy has recovered and spending cuts have come into force, the federal budget deficit has fallen sharply during the past few years. Home prices nationwide, including distressed sales, increased 11 percent in December 2013 compared to the same month a year ago.
Economy Watch Weekly: GDP Up; Fed Tapers; Housing Recovery Slows
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 31.
Colony Realty Sells 212 KSF Office Building in Midtown Atlanta
Colony Realty Partners has sold 730 Midtown in Atlanta’s Midtown submarket to a joint venture consisting of Harbert Management Corp.’s Harbert United States Real Estate Fund V L.P. and The Simpson Organization.
Freddie Mac Singles Out Top 2013 M-F Lenders
After a year that saw Freddie Mac settle nearly $26 billion in new multi-family volume from 388,000 rental units, its second largest figures ever following 2012’s record-setting year, the GSE announced its top lenders for 2013.
W.P. Carey Closes Merger with Affiliate REIT, Gets New $1.2B Credit Facility
W.P. Carey last Friday closed the merger with its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 – Global.
Economy Watch: Investors Head for the Exits; Construction Spending, Seniors Housing Confidence Up
Wall Street took another dive on Monday, the largest since last summer. But U.S. construction spending during December was 0.1 percent higher than the revised November figure. Also, builder confidence in the 55+ housing market for the fourth quarter of 2013 was up sharply on an annual basis.
Blue Ocean Realty Buys 720-Unit Millbrook Park Apartments in Pikesville
720 apartments. 73 buildings. 40 acres of land. Put them all together and you get the Millbrook Park Apartments in Pikesville. Blue Ocean Realty, one of the largest owner-managed investment companies in the Baltimore metropolitan area, recently purchased this massive complex.
Cantex Development Partners, Southwest Engineers to Develop Las Colinas Subdivision
The full-service civil and environmental engineering consulting firm Southwest Engineers Inc. announced its partnership with real estate development firm Cantex Development LLC to contribute in the development and civil engineering services for the new Las Colinas Subdivision in Karnes County, near San Antonio.
Kingfish Picks Up 133 KSF Kenner Office Building Near $826M Airport Expansion Site
Kingfish Development II, LLC, a real estate management and development company focused on the Gulf South office market, has announced the purchase of the former Rault Office Building in Kenner, La. for an undisclosed sum.
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