Housing Council Changes Name to Reflect Age Requirements
The Irvine-based 50+ Housing Council of the Building Industry Association of Southern California changes its name to accurately reflect its age requirement.
New Ownership and $2M Upgrade Revitalizes Student Lofts
Atlanta–Cardinal Group’s $2 million renovation has resulted in an about-face for Atlanta’s Westmar Student Lofts, a 368-unit off-campus student-housing community.
Centerline Capital Group Expands Midwest Banking Team
New York–Centerline Capital Group has hired Adam Klingher and Joseph Markech to expand the company’s business in the Midwest.
Equity Residential Taps Kruse for NY Expansion
New York–Equity Residential, a national owner and operator of apartment properties, has tapped George Kruse as vice president of development for the New York metropolitan region.
HUD Awards $1.9B to Preserve Ailing Public Housing Stock
Washington, D.C.–HUD has awarded more than $1.9 billion to public housing authorities to make large-scale improvements to units very much in need of repair.
Economy Watch: Business Groups Nervous about Debt Ceiling
A sizable group of business organizations pleads with Congress to raise the debt ceiling; the JOLTS report shows little job creation; and the FOMC releases less than illuminative minutes.
Flagler Expands Multifamily and Retail Offerings
Flagler Real Estate Services is expanding its multifamily and retail offerings with two strategic alliances, bringing in Auker Developments and DBR & Associates.
Natwick to Lead Crescent Multifamily
Charlotte, N.C.– Brian Natwick has been selected to lead the Multifamily Division of Crescent Resources, LLC.
Federated to Purchase Land from City for Mixed-Use Project in Portland, Maine
Portland, Maine–The Federated Cos. has entered into a contract with the city of Portland to develop a mixed-use project designed to transform the Bayside neighborhood into a live-work-play destination.
Economy Watch: Conference Board Employment Index Registers Weak Advance
The Conference Board’s employment index edges upwards slightly; railroad traffic declines slightly; and the battle in Washington gets more intense by the day.