Atlanta-Area Apartments Sell for $30M
Bexley Apartments has traded hands for $30.6 million. Carroll Organization, a privately held company specializing in multifamily real estate, acquired the 494-unit property in Marietta, Ga., from Arenda Capital.
Economy Watch: Housing Starts Drop in December, Gain for ’13
The Census Bureau reported on Friday that U.S. housing starts were at an annualized rate of 999,000 units, a drop of 9.8 percent from the November rate, which was 1.107 million units.
Mack-Cali, Ironstate Break Ground on Jersey City High-rise
Mack-Cali Realty Corporation and joint venture partner Ironstate Development Company broke ground in mid-January on URL Harborside 1.
Market Report: Ones to Watch
Three multifamily experts share their top 10 markets to watch in the year ahead
Balfour Beatty Joins DOE’s Better Buildings Challenge
Balfour Beatty Communities L.L.C., a multifamily development and management specialist, has opted to participate in the U.S. Department of Energy’s (DOE) and HUD’s Better Buildings Challenge
Eastern Union Shatters Own Expectations in 2013
Eastern Union Funding closed 2013 with a 60 percent increase in volume over 2012, falling slightly short in 2013 of the $2 billion mark. Another nine figures are in the pipeline for first quarter 2014.
Washington D.C. Market Snapshot: Apartment Stock Poised to Rise in 2014
Apartment performance in the Greater Washington, D.C. area could lag this year, as the booming construction hits right at a time when the metro’s job market is cooling down.
Economy Watch: Building Confidence Ticks Down
Homebuilders are still fairly confident about their industry, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
Beech Street Closes $92.5 million in Freddie Mac Loans for 5-Property Portfolio Refinance
Beech Street Capital has completed a portfolio refinance for Wisconsin-based real estate development firm Continental Property Companies Inc.
ZOM Texas Breaks Ground on a Luxury Community in Houston’s Galleria/Uptown District
ZOM Texas has broken ground on The Hudson, its third community in Houston. The project will add 431 units to the Galleria/Uptown market.