The Donaldson Group and Angelo, Gordon & Company acquire a 492-unit property in Suitland, Md.; Essex Realty Group sells a portfolio consisting of six Chicago properties; and Deutsche Bank Berkshire Mortgage provides $31.3M in interest-only, Fannie Mae financing.

San Diego–Alliance Residential Co. has acquired a 1.3-acre development site in the Little Italy district of downtown San Diego and is planning 201 apartment units for it.

Washington, D.C.—Financial and nonprofit veteran Kenny Emson has been named senior vice president of Finance and Administration for the National Multi Housing Council (NMHC).  As a member of the Council’s senior leadership team, Emson will oversee the organization’s financial and administrative operations and will participate in the strategic planning process.
Emson brings more than 20 years [...]

San Diego–Alliance Residential Co. has acquired a 1.3-acre development site in the Little Italy district of downtown San Diego and is planning 201 apartment units for it.

It was a long holiday weekend in the United States, but across the Atlantic, Euro-bureaucrats and -bankers were at work trying to keep Greece from defaulting on its debts and thus doing some kind of unpredictable harm to the euro.

Washington, D.C.—Stewards of Affordable Housing for the Future (SAHF) has announced the addition of Toby Halliday as executive vice president for policy and operations. Halliday will lead SAHF’s policy initiatives in addition to overseeing the organization’s operations and management.
Halliday previously served as vice president for federal policy at the National Housing Trust (NHT),  a SAHF [...]

Melrose, Mass.–In a $52.5 million endeavor, Wood Partners plans to mix some of the old with a bit of the new to create Alta Stone Place, a multi-structure apartment community in Melrose, Mass.

U.S. GDP growth is not expected to hit 3 percent until 2014. That analysis comes from the international real estate group Grosvenor.

Atlanta–Buckhead Atlanta, a six-block, mixed-use development project that originally broke ground in 2007, has recommenced with a new owner and vision.