News
German Investor Creates $1B Fund Targeting US Apartments
The asset management arm of Signal Iduna Group is teaming up with U.S. firm Bell Partners, which will manage the properties acquired by the new fund.
Dekel Provides Equity for Senior Facility in Ventura County
The Dekel Strategic Investors platform has now provided more than $100 million in equity since its inception in 2014.
Alamo City Community Changes Hands for $36M
Electra America and Robbins Property Associates have made their 29th multifamily acquisition in the past 12 months.
CBRE to Market North White Plains TOD Site
The Westchester County property encompasses several adjacent parcels that can accommodate more than 175 residences.
Cleveland’s $132M Rockside Road Project Gets Green Light
The development has received zoning approval, with plans including luxury apartments, retail, a hotel and more.
MG Properties Pays $52M for Seattle-Area Asset
HFF arranged a $41.3 million Freddie Mac loan for the purchase, which marks the firm’s 10th acquisition this year.
Market Pulse for October 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units rose by 8.3 percent over the month of July 2016 to a seasonally adjusted annual rate of 433,000. This is the highest level of five or more unit housing starts since September 2015. The month-over-month increase in July is the fourth consecutive month of recorded gains. Over this four-month period, from April to July, starts of buildings with five or more units rose by 22.7 percent. Measured at a seasonally adjusted annual rate, the average number of housing…
Trinsic Residential Wins Financing for Houston Apartments
HFF placed the seven-year, floating-rate loan through Freddie Mac.
Hines Sells Community in Disney Master-Planned Neighborhood
Southstar Capital Group purchased Aviva at Celebration, the newest addition to the Town of Celebration community.
NMHC Special Report: Cloudy Election Forecast
Panelists at the NMHC Fall Meeting shared their views on the election, GSEs and more.