TruAmerica Expands Bay Area Holdings
The company bought the 136-unit property from Holliday Development in an off-market transaction.
Economy Watch: CRE Set to be Upended By New Tech
Innovations in material science, construction technology, building operating systems and finance are set to upend the commercial real estate market, delivering higher performance, lower cost but also a reconfigured marketplace.
Hunt Mortgage Obtains Refi For Austin Manufacturing Housing
Hunt Mortgage Group has provided a $5.3 million Fannie Mae loan to refinance the Trails of Oak Hills, a manufactured housing community in Austin.
WinnDevelopment Proceeds with Adaptive Re-Use
The project, located in Lowell, Mass., will produce will produce 73 market-rate apartments and two affordable units in a 170-year-old former cloth mill.
CA Residential, Habitat Co. Form Multifamily Partnership
The Chicago-based firms will pursue co-development and investment deal in various markets nationwide, targeting properties between $40 million and $120 million.
Orlando Apartments Sell for $92M
Preferred Apartment Communities bought the community from Altamonte Springs-based Cambridge Management Services.
Economy Watch: Nonresidential Construction Industry Still Has Momentum
The Dodge Momentum Index rose 2.4 percent in May to 119.4.
MassHousing Awards Grant to Develop Sober Affordable Housing
The new units will serve homeless veterans in metro Boston.
Inland Empire Deal Sets Record
The community was sold for $142 million, equaling $193,000 per unit.
Economy Watch: Construction Employment Increases Despite Weak Job Numbers in May
The construction industry in most parts of the country is still growing.