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Builders and Lumber Dealers See Shortages of Key Building Materials

Builders and Lumber Dealers See Shortages of Key Building Materials

Home builders and lumber dealers are reporting significant shortages of key home building materials such as lumber and wall board, according to recent surveys by the National Association of Home Builders (NAHB) and the National Lumber and Building Material Dealers Association (NLBMDA).…

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Luxury Apartments Replace Dive Bar in NYC’s Trendy East Village

Luxury Apartments Replace Dive Bar in NYC’s Trendy East Village

Residential leasing has begun at Jupiter 21, a newly constructed 78,000-square-foot apartment property at 21 East 1st St. in Manhattan. …

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RMK Management Begins Leasing at Chicago-Area TOD

RMK Management Begins Leasing at Chicago-Area TOD

RMK Management Corp. has announced that leasing has begun at Central Station, a new luxury community near the Central Street Metra station in Evanston, Ill.…

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TODAY’S DEALS: Pacifica Acquires Florida Community for $33M

TODAY’S DEALS: Pacifica Acquires Florida Community for $33M

IPA completes a 400-unit sale in Florida; Colliers negotiates a 110-unit student housing disposition in Tempe; and Centerline Capital provides $3.7 million to refinance a property in Oak Park, Ill.…

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Tampa-Area Apartment Property Opens

Tampa-Area Apartment Property Opens

Crescent Crosstown, a 344-unit apartment community in Brandon, Fla., has opened its doors. The property is located near the Selmon/Crosstown Expressway in Brandon, a Census-designated place in Hillsborough County, southeast of Tampa.…

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New Brand Launched Along With Houston’s Pearl Greenway

New Brand Launched Along With Houston’s Pearl Greenway

The Morgan Group’s unveiling of Pearl Greenway in Houston isn’t just the launch of a highly upscale apartment community. It is also ushering in the company’s new luxury Pearl apartment brand.…

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Economy Watch: Housing Starts Up

Economy Watch: Housing Starts Up

Homebuilders were reported to be more optimistic on Tuesday, and on Wednesday they had some reason to be, though not quite to the level of irrational exuberance: housing starts in May came in at an annualized rate of 914,000 units, according to the Census Bureau. …

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Queens Condos Refinanced for $50M

Queens Condos Refinanced for $50M

Victoria Towers, a mixed-use development in the borough of Queens in New York, has obtained recapitalization financing totaling $50 million.…

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TODAY’S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix

TODAY’S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix

Bascom Arizona Ventures completes its 10th buy in the past 12 months; The RADCO Cos. buys a 208-unit asset in Illinois; and Lucent Capital provides an $11.83 million loan. …

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SmithJones Partners Completes Colorado TOD

SmithJones Partners Completes Colorado TOD

SmithJones Partners announced it has completed construction on a transit-oriented community in Broomfield, Colo. The community, called Arista Uptown Apartments, includes 272 units.…

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The Domain Companies Secures Financing for New Orleans Mixed-Use Development

The Domain Companies Secures Financing for New Orleans Mixed-Use Development

The Domain Companies has secured financing and started construction on The South Market District, a mixed-use transit-oriented development in downtown New Orleans.…

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Commercial/Multifamily Mortgage Debt Outstanding Falls Slightly in Q1

Commercial/Multifamily Mortgage Debt Outstanding Falls Slightly in Q1

The level of commercial/multifamily mortgage debt outstanding decreased by $4.9 billion, or 0.2 percent, in the first quarter of 2013, the first quarterly decrease since the third quarter of 2011, according to the Mortgage Bankers Association (MBA).…

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