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Acquisitions

Real Estate Roundup 8.5.19

Sabet Group has acquired 457 Broome Street in Soho for $21.3 million. The property spans 25,000 SF, and includes two retail units, nine residential units, plus one office unit. (CO)

The U.S. Department of Housing and Urban Development is close to finalizing a major reform of its extensive senior housing portfolio, allowing nonprofit owners of 125,000 apartments to tap private sources of financing for the first time. (WSJ)

The slump in home sales this spring has befuddled economists and bedeviled real-estate agents, given how low borrowing costs and unemployment have been. Big rental-home owners, on the other hand, are overjoyed. (WSJ)

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