Globest Sectors

The Reading multifamily loans are backed by a local sponsor and management company, whose real estate portfolio consists of 2,000 multifamily units in 15 multifamily properties.

A combination of the aging population and peak pricing conditions have fueled 1031 exchange transaction volumes.

It sure looks like it, notes key brokers from Kidder Mathews.

Self storage has proven to be a defensive asset class in that there is still a good deal of demand for quality self-storage product and capital is available to well-located institutional-quality projects.

The firm reports it has purchased 1049 Washington Ave. in the South Bronx that will be redeveloped into a 104-unit “Hello W” condominium building.

The three portfolios consisted of 21 properties.

Rising interest rates have already slowed single-family home sales, and they should have a significant impact on pricing and sales activity in the condo market next year.

The financing deal was announced by Square Mile Capital Management LLC, which originated the loan for Goldman Sachs Urban Investment Group and BRP Companies.