Headline News
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).…
Continue reading →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. …
Continue reading →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.…
Continue reading →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.…
Continue reading →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.…
Continue reading →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.…
Continue reading →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. …
Continue reading →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.…
Continue reading →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. …
Continue reading →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.…
Continue reading →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.…
Continue reading →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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