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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.
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%
Affordable Workforce Housing Breaks Ground in the Heart of Sonoma Springs
County leaders and other supporters join MidPen in celebrating the groundbreaking of Fetters Apartments, 60 affordable apartments for families in Fetters Hot Springs, Sonoma. On Friday August 14th, Sonoma County Supervisor Susan Gorin joined other county leaders to celebrate the groundbreaking of Fetters Apartments – an affordable, workforce rental apartment community being developed by MidPen Housing in the heart of Sonoma Springs
Former Investment Banker Turned Activist to Lead Latina Brunch at NAHREP Convention
The National Association of Hispanic Real Estate Professionals® (NAHREP®) has announced Julissa Acre, former Goldman Sachs star and current public affairs director at Define American, will keynote the Latina Brunch session at its 2015 National Convention & Latin Music Festival.
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
Advanta IRA Hosts Popular Nationwide Webinar: The Power of Self-Directed Roth IRAs
A Roth IRA is a retirement account that allows for post-tax contributions, providing tax-free growth of all earnings. Advanta IRA Services is holding a webinar on August 13 for individuals to learn more about how self-directed Roth IRAs can be beneficial in building wealth for retirement.
NCRC Statement on Court Ruling to Overturn New York City’s Responsible Banking Act
The National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S. cities have recently passed, which require banks bidding on municipal deposits and investments to submit community development plans describing the loans, investments, and bank services they would provide to minority and modest-income neighborhoods.
The Boulder Group Arranges Sale of Macaroni Grill Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant dark Macaroni Grill property located at 2375 East 116th Street in Carmel, Indiana for $1,400,000. The 55,757 square foot property is located at the corner of the heavily trafficked Keystone Parkway and East 116th Street interchange.
The Boulder Group Arranges Sale of White Castle Ground Lease in the Saint Louis...
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant White Castle ground lease property located at 7380 Olive Boulevard in University City, Missouri for $630,000
The Boulder Group Arranges Sale of Net Leased New Construction Family Dollar
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Family Dollar property located at 10220 North 30th Street in Tampa, FL for $2,224,000. The newly constructed Family Dollar is strategically located at the signalized intersection of North 30th Street and East Bougainvillea Avenue.
FACT SHEET: PRESIDENT OBAMA TO ANNOUNCE HISTORIC CARBON POLLUTION STANDARDS FOR POWER PLANTS
Today at the White House, President Obama and Environmental Protection Agency (EPA) Administrator Gina McCarthy will release the final Clean Power Plan, a historic step in the Obama Administration’s fight against climate change
Hanley Investment Group Sells Two Multi-Tenant Retail Investments in CVS-Anchored Shopping Centers in Moreno...
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 Hanley Investment Group President Ed Hanley and Executive Vice President Bill Asher have negotiated the sale of two multi-tenant retail investment properties in Riverside County, Calif., totaling more than $10,413,000.
TH Real Estate hires US industry veteran to strengthen North America client relations
James (Jim) will be responsible for the distribution of TH Real Estate’s global products to corporate and public investors across the US, working closely alongside TIAA-CREF Asset Management’s existing real assets sales team
Simon “out of deal business,” will invest in new construction, renovations instead
Simon is out of the deal business. After an unsuccessful attempt to buy rival REIT Macerich earlier this year, Indianapolis–based Simon is reinvesting its money in its own business, which happens to be booming, executives said on the firm’s second-quarter earnings call. Simon plans to repurchase $2 billion worth of its shares, and bought $505 million worth during the quarter alone. “We don't see any big deals on the horizon for us, so we are obviously very focused on development, redevelopment,” said chairman and CEO David Simon.
HomeUnion expands, offering SFR investment properties in five new metro areas
HomeUnion an online, real-estate investment management firm enabling value investing in single-family rental (SFR) properties announced today that it has added Atlanta, Ga.; Davenport, Iowa/Ill.; Huntsville, Ala.; Jacksonville, Fla., and, Orlando, Fla., to its list of active investment markets. Investors can now find and purchase pre-vetted, SFR investment properties in these markets on the company's secure website
Oregon Voters Express Strong Support for More Federal Funding to Increase Affordable Housing to...
the National Low Income Housing Coalition (NLIHC) and the Oregon Opportunity Network, a NLIHC state partner, released the findings of a state-wide public opinion poll that measured Oregon registered voter support for changing the mortgage interest deduction, addressing homelessness, and creating more affordable housing. A sizable majority of registered Oregon voters surveyed expressed support for increasing federal funding for affordable housing to address homelessness and for increased state investments in building homes for homeless and low-income families.
AMERICAN REALTY ADVISORS ACQUIRES 2201 WESTLAKE OFFICE BUILDING IN SEATTLE’S SOUTH LAKE UNION
American Realty Advisors and Vulcan Real Estate today announced Vulcan’s sale of 2201 Westlake Avenue, a fully-leased best-of-class office/retail property in the heart of South Lake Union, to American. The building is currently leased to high-profile office and retail tenants, including Amazon and global health innovator, PATH. Located at the corner of Westlake Avenue and Denny Way, 2201 Westlake is a 12-story 317,000 square-foot LEED Gold certified high-rise building developed by Vulcan in 2009.
The Boulder Group Arranges Sale of Single Tenant Triple Net Leased Walgreens
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 4755 West Broad Street in Columbus, Ohio for $7,713,700. The 14,820 square foot property is positioned along Broad Street in Columbus. Broad Street is a heavily trafficked east-west thoroughfare with traffic counts in excess of 38,000 vehicles per day and has a full interchange with Interstate 270 less than one-quarter mile from the property
Property/Casualty Insurers’ Profitability Grows in First-Quarter 2015
Private U.S. property/casualty insurers’ net income after taxes grew to $18.2 billion in first-quarter 2015 from $13.9 billion in first-quarter 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 10.8 percent from 8.4 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)
TD Ameritrade works with Habitat for Humanity for the eighth year
TD Ameritrade announced today that it is donating to Habitat for Humanity in 2015 to support its mission of creating safe, decent, affordable housing in partnership with low-income families across the U.S. This is the company’s eighth consecutive year supporting Habitat for Humanity