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Houston Apartment Community Sold by Lupert-Adler Partners

Houston Apartment Community Sold by Lupert-Adler Partners

Tiburon, a 320-unit Class A apartment community in Houston has been sold by Lubert-Adler Partners to a private individual. ARA Real Estate Investment Services represented the Philadelphia-based company in the transaction.…

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Economy Watch: Residential Price Increases Still Slowing Down

Economy Watch: Residential Price Increases Still Slowing Down

The deceleration of residential prices continues apace, according to the latest S&P/Case-Shiller Home Price Indices.…

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Work Begins on West Miami Apartments

Work Begins on West Miami Apartments

Ground has been broken on Gables Prado, an apartment development in West Miami, an inner suburb of Miami also near Coral Gables. The property, at 950 S. Red Road, includes 194 units.…

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TODAY’S DEALS: StarPoint Grabs 259 Units in Los Angeles County

TODAY’S DEALS: StarPoint Grabs 259 Units in Los Angeles County

StarPoint completes a $51.8 million acquisition; Marcus & Millichap brokers a 26-unit sale in Illinois; and NorthMarq Capital arranges $11.86 million in Fannie Mae acquisition financing. …

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JB Matteson Acquires 216-Unit Sacramento Apartment Community for $29.75M

JB Matteson Acquires 216-Unit Sacramento Apartment Community for $29.75M

JB Matteson has acquired Medici Apartment Homes, a 216-unit apartment community in Sacramento, Calif.’s north Natomas submarket for $29.75 million and rebranded it as Avanti. Arroyo & Co. arranged the transaction.…

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Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change

Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change

The World Bank released a report on the long-term impact of climate change, focusing on the affect on the “lives and livelihoods” of people in three parts of the world. …

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WiSe, Nuestra Complete Affordable Housing Rehab in Boston

WiSe, Nuestra Complete Affordable Housing Rehab in Boston

WiSe Urban Development and Nuestra Comunidad Development Corp. have completed the rehabilitation of Washington Park. The property is an eight-building, 96-unit apartment community that straddles the Boston neighborhoods of Dorchester and Roxbury and includes 86 affordable units.…

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SoulCycle Leases Ground Floor at Related Midwest’s OneEleven

SoulCycle Leases Ground Floor at Related Midwest’s OneEleven

Related Midwest has announced that indoor cycling chain SoulCycle has inked a lease for the 4,200-square-foot ground-floor space at the developer's upscale mixed-use residential tower, OneEleven, in Chicago.…

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TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama

TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama

Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community. …

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Cadence McShane Completes Texas Seniors Care Community

Cadence McShane Completes Texas Seniors Care Community

Cadence McShane Construction Company has completed the comprehensive construction services for Legacy at Falcon Point, a seniors care community in Katy, Texas. The new, 82-unit assisted living and memory care facility was constructed on behalf of PinPoint Commercial LP.…

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Fannie Mae Partners with Detroit Land Bank Authority to Stabilize Neighborhoods

Fannie Mae Partners with Detroit Land Bank Authority to Stabilize Neighborhoods

Fannie Mae has partnered with the Detroit Land Bank Authority to help stabilize neighborhoods hard-hit by foreclosure. …

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Economy Watch: State Unemployment Rates Edge Down

Economy Watch: State Unemployment Rates Edge Down

Unemployment rates decreased in 34 states and the District of Columbia in October compared with September, while five states suffered increases and 11 states had no change, the Bureau of Labor Statistics reported.…

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