Cities
Detroit’s Quicken Loans Is the No. 1 Place to Work in IT
Computerworld, an online publication that provides technology news and information for information technology leaders, has recently revealed its annual “100 Best Places to Work in IT” list, a comprehensive report that recognizes a company’s core culture such as employee benefits, diversity, career development, training options and retention efforts.
Denver Office of Economic Development Releases In-Depth Study Analyzing Denver’s Potential to Become a National Shopping Destination
By Gabriel Circiog, Associate Editor The Denver Office of Economic Development recently released a comprehensive retail study which explores Denver’s potential to become a national shopping destination. Prepared by retail consultant Economic & Planning Systems, The Denver Retail Conditions and Opportunities Study features an in-depth analysis of the current Denver retail market as well as […]
Apartments Coming to Ohio City Neighborhood
Apartments are coming to one of the oldest neighborhoods in Cleveland. Two recently announced projects are expected to deliver more than 250 apartments to Ohio City, a place where apartments are greatly needed.
City of Cincinnati Approves Plans for Multimillion-Dollar Developments
Cincinnati City Council approved last Wednesday plans for a 30-story apartment tower at the northwest corner of 4th Street and Race Street in the city’s downtown. The project is expected to cost about $80 million.
U.S. Bank Completes Financing Deal for Two L.A. Senior Affordable Housing Projects
An important financing deal securing the future of two urban senior housing developments in Los Angeles was completed last week when U.S. Bank confirmed that it is providing $55.1 million for the projects. The two affordable housing complexes have groundbreaking ceremonies scheduled this month. U.S. Bank is working with the Retirement Housing Foundation to get the two developments done. The banking giant will present the organization with a $30,000 check, in support of its current senior housing endeavors.
Champion Acquires 352-Unit M-F Complex in Hilliard for $10M
Champion, a privately-held, fully-integrated, multi-family investment firm based in Westerville, announced last week the acquisition of a 352-unit apartment complex in Hilliard. The transaction was closed on May 31.
Detroit and Other Michigan Cities to Share $100 Million Demolition Grant
In an effort to solve the issue of blighted and dangerous properties across the state and reduce crime in neighborhoods, Gov. Rick Snyder last week announced that the U.S. Department of the Treasury granted $100 million under a pilot program that enables states to decide locally on actions that prevent foreclosures and support the housing recovery.
Arlington’s Newly Built Grayson Flats Sold for $33M
Insight Property Group and Buvermo Investments Inc. have sold the Grayson Flats apartments in Arlington last month for $33 million, or roughly $492,500 per unit. The buyer, an affiliate of local development company Silverwood Companies, acquired the property about a month after it was finished.
$238 Million Uplands Residential Community Opens In Baltimore
Uplands, a new, $238 million residential community located in Baltimore, oficially opened its gates to the public on Monday, June 3.
Milestone Apartments REIT to Pay $46 Million for Alpharetta Community
According to an official company announcement, Milestone Apartments REIT has agreed to pay $46 million for the Century Windermere, a 346-unit Class A multifamily apartment community located in the Alpharetta/Cumming submarket of Atlanta.