Continue Reading Add comment June 24th, 2009
Omega Commercial Finance Corp. has signed a definitive agreement to acquire a majority interest in EcoCalifornia L.L.C., a firm currently in the process of developing a golf resort and housing project in the Fresno, Calif., area.
Continue Reading Add comment June 24th, 2009
Newly-formed value-added real estate fund KABR Real Estate Investment Partners L.L.C. has purchased a 235,000-square-foot office building at 85 Challenger Road in Ridgefield Park, N.J., from AIG.
Continue Reading Add comment June 24th, 2009
The Mortgage Bankers Association has slashed its estimate of the number of mortgages its members will issue in 2009. One reason: Few refinancings are being done under President Obama’s ballyhooed Home Affordable Refinance Program. Read more »
Continue Reading Add comment June 24th, 2009
The apartment market held up relatively well during the early stages of the economy’s descent–but even it is now in decline. And while many investors are shying away, industry veterans Jim Butz and Greg Lamb are jumping in with both feet. The two former principals of leading multi-family developer JPI East have teamed with office and mixed-use developer Akridge to launch Jefferson Apartment Group with the intention of acquiring–and eventually–developing apartment properties in the Mid-Atlantic and Northeast regions.
Continue Reading Add comment June 24th, 2009
Home prices are at their most affordable in many years, which has opened up homeownership to many who had been locked out during the housing boom. And now, the federal government — and many states - are launching plans to hook up buyers of repossessed properties with very attractive terms. Read more »
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