Encore Multi-Family to Begin New Tulsa Development
Oklahoma City–Encore Multi-Family has completed HUD financing for its new 248-unit garden-style apartment property in the Tulsa suburb of Bixby, Okla.
Economy Watch: Jobs Report Solid, with Some Exceptions
The economy added 244,000 jobs in April; a commodity price index drops steeply; and consumer credit expands.
Atlanta Affordable Housing Property Finishes Redevelopment
Atlanta–Hercules Real Estate has completed the renovation of the former Amal Heights community just south of downtown Atlanta–rechristened the Villas at Lakewood.
Federated Cos. Acquires Another New England Multifamily Project
Wakefield, Mass.–Federated Cos. has bought Legacy Park Wakefield, a multifamily project that will consist of two four-story garden buildings and a single three-story townhouse.
Starwood, Bainbridge JV Bags Apartment Portfolio in Hot Metro D.C. Market
Washington, D.C.–Starwood Capital Group Global and Bainbridge Companies have acquired seven apartment communities in metro Washington, D.C.
Starwood, Bainbridge JV Bags Apartment Portfolio in Hot Metro D.C. Market
Washington, D.C.–Starwood Capital Group Global and Bainbridge Companies have acquired seven apartment communities in metro Washington, D.C.
Ground Broken for Yonkers Workforce Housing
Yonkers, N.Y.–The Yonkers Industrial Development Agency, L+M Development Partners Inc. and the Greyston Foundation have broken ground on 49 North Broadway, an affordable multifamily housing development.
Charlotte Apartment Development to Break Ground Next Month
Mooresville, N.C.–Construction is slated to begin on Fountains at Mooresville Town Square, a 227-unit, $23 million apartment property developed by Hawkins-Dixon Ltd.
Economy Watch: U.S. Economy Turns in Lackluster First Quarter
Real GDP increased minimally last quarter; hiring is scarce everywhere except McDonald’s; and pending home sales see an uptick.
L.A. Greenlights Wilshire Blvd. Multifamily Development
Los Angeles–The Los Angeles City Council approved plans this week for The Vermont, a 464-unit apartment complex with ground-floor retail and a public park.