Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
Behringer Harvard and Wood Partners Team On $191.1M Boston Metro MF Development
Behringer Harvard Multifamily REIT I Inc. and Wood Partners have formed a joint venture to develop 22 Water Street, a $191.1 million luxury multifamily community on a 2.4-acre infill site in Cambridge, Mass.
Economy Watch: Retail Sales Eke Out Gain
The Census Bureau reported that U.S. retail and food services sales for June were $422.8 billion, an increase of 0.4 percent from the previous month.
Suburban Chicago Multifamily Obtains $8.5M in Financing
Hawthorn Ridge Apartments, a multifamily community in Woodridge, Ill., has obtained an $8.5 million Section 223(f) loan. Naftali Schuss, an originator in Greystone’s New York office, arranged the financing.
‘Economy Watch’ Podcast with Dees Stribling: Mortgage Rates are Up
Mortgage rates are up, but the Fed promises that tapering doesn’t mean it’s going to raise its interest rates.
Plans Announced for Student Housing at Georgia Tech
Planning is underway on the latest University House property, this one to be built near the campus of the Georgia Institute of Technology, better known as Georgia Tech, in Atlanta.
Brooklyn Apartments Sell for $28M
Silverstone Property Group and Adam America Real Estate Group have sold 65-69 North 6th St. in the Williamsburg neighborhood of Brooklyn. The property fetched $28.75 million from an unspecified buyer, according to the sellers.
Springs of Corpus Christi Slated for Fall 2014 Completion
Construction on the Springs of Corpus Christi, a 284-unit town home style luxury apartment community in Corpus Christi, Texas, has been awarded to McShane Construction Company by developer Continental Properties Company Inc.
VantageScore Credit Scoring Model Adds to Flexibility of Yardi Resident Screening
Yardi announced today that its proven rules-based resident screening solution, Yardi Resident Screening , now includes VantageScore credit scores, an advanced numerical scoring option from Experian for clients who prefer three-digit credit scores to help qualify applicants.
JV Acquires Suburban Portland Apartments
A joint venture of New York-based Real Estate Capital Partners (RECAP) and the locally based Holland Partners has acquired a Vancouver, Wash., apartment community, Arnada Pointe.