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TIAA-CREF, AP1 & AP2 Create Strategic Joint Venture to Invest in European Office Properties
TIAA-CREF, a leading financial services provider, and the Swedish National Pension Funds AP1 and AP2 have agreed to combine forces in a new joint venture to create a leading, pan-European office investment platform. TIAA-CREF’s affiliate, TH Real Estate, brought the parties together and will manage the vehicle on the investors’ behalf, providing investment and asset management services.
Where Are Future Homebuyers Hiding? In Single-Family Rental Properties
New Freddie Mac (OTCQB: FMCC) research provides insight into the question of which renters are likely to buy a home? The research shows that people renting single-family properties (renting a house/townhouse or condo) may be more likely to buy than those in apartments. In the U.S. about 15 million households rent a single-family house and 25 million rent an apartment, according to U.S. Census Data.
The Boulder Group Arranges Sale of Net Leased Seasons Inpatient Hospice Facility
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Seasons Inpatient Hospice property located at 2195 West Diehl Road in Naperville, IL for $5,342,857. The recently constructed 10,342 square foot Seasons Inpatient Hospice facility is strategically located along Diehl Road in the affluent suburb of Naperville.
MAYOR DE BLASIO, QUEENS OFFICIALS AND THE ARKER COMPANIES BREAK GROUND ON 154 NEW...
Mayor Bill de Blasio joined Queens officials, the Arker Companies today to break ground at the Beach Channel Senior Apartments in Far Rockaway, Queens. When completed in 2017, the seven-story, mixed-use development will be 100 percent affordable, providing apartments for 154 low-income seniors, including 46 for formerly homeless seniors.
Considering Investing in San Diego Real Estate? Read this First
Home prices are appreciating in San Diego at a rate that has real estate professionals giddy with anticipation. Buy a property today, and you could see it appreciate in value within months. This is due to the desirability of the location, and an upswing in job creation and wage growth. For investors, San Diego is a prime destination that’s sure to deliver big returns.
30-Year Fixed-Rate Mortgage Remains Below Four Percent
Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely unchanged from the previous week amid little movement in financial markets. The 30-year fixed rate mortgage has averaged below four percent for the fifth consecutive week.
Randy Blankstein, President of The Boulder Group, to Speak at ICSC N3 Triple Net...
Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker on ICSC’s N3 Triple Net Lease Panel in Chicago on October 7th, 2015. The panel will be held during the ICSC Chicago Deal Marking
Freddie Mac Prices $1.2 Billion Multifamily K-Deal Backed by Seasoned Loans
Freddie Mac (OTCQB: FMCC) recently priced its second K-P Series offering of Structured Pass-Through Certificates (K Certificates) which are multifamily mortgage-backed securities. The company expects to issue approximately $1.2 billion in K Certificates (K-P02 Certificates), which are expected to settle on or about August 27, 2015. The K-P02 Certificates are guaranteed by Freddie Mac and are backed by 70 seasoned multifamily mortgages from the company's retained portfolio. This is the company's seventeenth K Certificates offering this year.
Freddie Mac Guarantees Second Multifamily Small Balance Loan Securitization
Freddie Mac (OTCQB: FMCC) today announced that it will guarantee its second series of SB Certificates, which are backed by multifamily small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $109 million in SB Certificates (SB2 Certificates), which are anticipated to price the week of August 24, 2015, and settle on or about August 28, 2015.
Hanley Investment Group’s Eric Wohl Negotiates Sale of 75,000 SF Anchored Shopping Center for...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, is pleased to announce that Executive Vice President Eric Wohl represented the seller in the sale of the Shops at Barnes Crossing, a 75,000-square-foot neighborhood shopping center anchored by Bed Bath & Beyond, Dollar Tree, and David' s Bridal in Tupelo, Mississippi. The purchase price was $8,725,000, representing one of the lowest cap rates in the state of Mississippi for this type of retail property. The cap rate was 8.20%
Q2 2015 Loan Origination Report
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q2 2015 U.S. Residential Loan Origination Report, which shows that 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22 percent from the previous quarter and up 23 percent from a year ago to the highest level since the third quarter of 2013.
Fixed Mortgage Rates Reverse Course, Move Higher
Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reversing course and nudging higher for the first time in four weeks.
Energy-Efficient Solutions Help Carnegie Hall Secure LEED Silver Certification
Carnegie Hall, the nearly 125-year old iconic New York City music venue, today announced its award of a Leadership in Energy and Environmental Design (LEED) Silver Certification from the U.S. Green Building Council, making it one of the oldest and most notable buildings to achieve such distinction. This milestone was achieved in part through a close collaboration with Siemens, which was enlisted as one of Carnegie Hall's technology partners to modernize almost 165,000 square feet of non-performance space.
The Boulder Group Arranges Sale of Net Leased OfficeMax Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant OfficeMax property located at 200 Riverside Drive in East Peoria, IL for $2,800,000. The 1.86 acre OfficeMax property is centrally located within Peoria’s primary retail area that is anchored by Bass Pro Shops, Walmart Supercenter, Lowe’s, Costco, Target, Kohl’s and Gordmans
Consumers Energy Names New Lakeshore Area Manager
A Muskegon County native who has served in a variety of West Michigan public sector leadership roles has joined Consumers Energy as its new lakeshore public affairs area manager.
C&W Announces Nearly 400,000 SF in June Transactions
Cushman & Wakefield today released its June 2015 transaction report documenting nearly 400,000 square feet of commercial real estate transactions. The details of these transactions can be found below.
Planet Home Living Announces the First Phase of New Homes Now Selling in Popular...
Planet Home Living has just announced the highly anticipated first phase release at its newest neighborhood in Eagle Rock. PRISM is a limited collection of 15 single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles. The initial offering includes five homes with prices starting at $640,000. Planet Home Living collaborated with award-winning national architecture firm KTGY Architecture + Planning to achieve its sleek, modern design.
Landzilla.com Announces the Launch of Their New Website Offering Recreational Land for Sale
Local business Landzilla.com is pleased to announce the launch of their new full-service website, which offers listings of affordable parcels of recreational land for sale throughout the United States. The website allows customers to shop for land by state, type of land desired, or pricing, and is live and fully operational immediately.
New Institute Workshop Series Focuses on Improving Cybersecurity of DoD Facilities
Over the past several years, the nation’s communities have seen an increasing shift to “smart buildings” that use internet-enabled wireless technology to control building-related systems. Such trends also are being seen in U.S. military facilities. In early 2015, following the release of a Government Accountability Office (GAO) report that called attention to building-related cyber risks, the House Armed Services Committee approved legislative language requiring the U.S. Department of Defense (DoD) to perform a cyber-vulnerability study as part of its fiscal year 2016 defense authorization bill.
RE/MAX Selects Camp + King as Ad Agency
Global real estate franchisor, RE/MAX, has selected Camp + King to lead the creative execution of its advertising and integrated marketing efforts in 2016. The San Francisco-based advertising agency won the job after an extensive selection process and has already begun initial design work for the new campaign.