NEW YORK CITY-In a panel discussion as part of the United Nations' Habitat Conference, Republic of Singapore Ambassador Mahbubani led panelists in a series of studies of the private sector's possible role in creating adequate housing.
ARLINGTON, VA-A study has been released that calls into question the shortcomings of the system for promoting homeownership and points to the negative tax impact on low-income households. It calls for further examination of the issue.
BETHESDA, MD-American Society of Hospital Pharmacists has leased 34,100 sf to Salomon Smith Barney Inc. at 7272 Wisconsin Ave. here. The company has signed a long-term lease for the space on the fourth floor.
MCLEAN, VA-Freddie Mac is officially making it known today, Thursday, June 7, that it has priced $6 billion USD of 6% 10-year Reference Notes. They will be due June 15, 2011.
WASHINGTON, DC-Permanent financing for the acquisition of 2025 M St. NW has been placed, enabling 1919 Pennsylvania Associates, a joint venture, to make the purchase. Carr Capital Corp. placed the loan.
NEW YORK CITY-Today (June 5) the NYCEDC issued RFPs for the fit-out and operation of a restaurant/cafi at the new Staten Island baseball stadium. Last week it finalized the sale of the former Taystee Bakery in Harlem.
ADELPHI, MD-The 139-unit apartment project has received $5.2 million in a loan from Arbor Commercial Mortgage LLC of Uniondale, NY. The funding was made under Arbor's Fannie Mae DUS product line.
WASHINGTON, DC-The Mortgage Bankers Association and the National Association of Home Builders have come out together to jointly oppose an increase in the FHA multifamily insurance premium, which they call a tax on renters.
NEW YORK CITY-Executive vice president and president of Hotel Operations, Owned & Managed for Hilton Hotels Corp. Dieter Huckestein told those gathered in the Royal Suite that the Waldorf Towers in the famous Waldorf-Astoria has a new name.
FAIRFAX, VA-The Prosperity Business Campus here, consisting of four office buildings and eight flex-space buildings, has been purchased for $88.4 million. The buyer is California-based PS Business Parks Inc.