Two Georgia Seniors Communities Earn Green Certification
NorSouth Development, an Atlanta-based real estate company that focuses on environmentally sound seniors communities, has recently received EarthCraft Multifamily certification for two of its affordable communities.
TODAY'S DEALS: KeyBank Provides $95M Fannie Mae Loan to ForestCity Enterprises
KeyBank refinances a 549-unit property in Maryland; Quadrangle, The Wilkes Co. break ground on a mixed-use project in D.C.; and SBV Communities buys a 156-unit property in Austin.
Sudberry Properties and AT&T Announce Complete FTTP Network at Civita
Sudberry Properties and AT&T recently announced a new agreement to offer AT&T U-verse® services to the Civita community residents.
Equity Residential Enters into Agreement with Owners of Archstone Equity Residential to Receive $150 Million
Equity Residential recently announced it has entered into an agreement with the owners of Archstone, which will result in the company receiving $150 million after exercising its option to purchase a 26.5 percent interest in Archstone and Lehman Brothers Holdings Inc.
Haunted L.A. Hospital to Get New Life as Affordable Housing
In a deal that might be called spook-tacular, a nearly 90-year-old one-time hospital, which some believe is haunted, will be converted into an affordable rental community for seniors.
Economy Watch: Case-Shiller Reports New Quarterly Lows
According to S&P Indices on Tuesday, the latest Case-Shiller Home Price Indices showed that all three headline composites ended the first quarter of 2012 at new post-housing crisis lows.
Second Year in Business, RealDirect.com Expands With New Office and Staff
RealDirect.com announced their expansion into a new office and the addition of three new agents. More than a year out of beta, the firm’s alternative real estate model is growing successfully in New York City.
Staten Island Condos Out of the Gate Running
The appetite for condos in New York has been reviving lately, with new product moving at a quicker pace than since before the recession, according to brokers in the trenches.
TODAY'S DEALS: Tryko Acquires 170-unit HUD-Subsidized Seniors Asset
Tryko Partners buys a 170-unit seniors housing asset in Pennsylvania; Red Mortgage Capital LLC finances a $29.5 million structured ARM for a UDR property; and Charles Dunn Co. sells a 28-unit property in Canoga Park, Calif.
Fifth Avenue Gets More Luxurious
Manhattan is famous for its skyscrapers, but these are usually office buildings. But with the launch of 1214 Fifth Avenue, which has 53 stories, the Upper East Side is getting its tallest luxury rental building.