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Universe Buys LA County Apartments for $8.6M

Universe Buys LA County Apartments for $8.6M

Universe Holdings, a privately held real estate investment specialist, has acquired The Sycamores, a 50-unit apartment community in Inglewood, in southwestern Los Angeles County. The company paid about $8.6 million for the property.…

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TODAY’S DEALS: Kushner, Extell Grab Oceanfront Mixed-Use Asset in N.J.

TODAY’S DEALS: Kushner, Extell Grab Oceanfront Mixed-Use Asset in N.J.

Kushner and Extell buy an oceanfront asset with expansion plans; Steadfast Apartment REIT completes its second buy in Georgia; and NC Pepe Corp. sells a property in Brooklyn's Williamsburg. …

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Hunter Plaza Mixed-Income Apartment Transformation Under Way in Fort Worth

Hunter Plaza Mixed-Income Apartment Transformation Under Way in Fort Worth

BOKA Powell and Fort Worth Housing Authority have started construction on a redevelopment project that will transform Hunter Plaza in downtown Fort Worth into an 11 story, mixed-use and mixed-income residential building.…

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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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London May Have Led the Way… But Foreign Investors are Increasingly Eyeing New York

London May Have Led the Way… But Foreign Investors are Increasingly Eyeing New York

JLL’s Scott Latham says the focus of foreign investors is shifting from London to New York as buyers shy away from turmoil in the EuroZone.…

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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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