News
KB Home Expands in San Antonio with 75-Acre Acquisition
California-based KB Home plans to expand its San Antonio footprint with a 234-home development in northwestern Bexar County.
Market Pulse for June 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 have oscillated in recent months. In March 2016, starts of buildings with five or more units fell by 8.5 percent to a seasonally adjusted annual rate of 312,000. Over the previous 12 months dating back to March 2015, these housing starts have risen on a monthly basis six times—March 2015, April, June, September, November and February 2016—while falling on a monthly basis in the other six months. However, using the three-month moving average to smooth the month-to-month volatility…
Southwest Houston Community Gets New Management after Changing Hands
The garden-style Breaswood Plaza, which was recently acquired by Keener Investments, sits within a 20-minute ride from the Texas Medical Center.
Related California Debuts Affordable Mixed-Use Community
A partnership between the developer and San Bernardino County has completed the first phase of a five-acre site.
TMG Partners Announces Sale of San Jose Property
Bay area mixed-use property developer TMG Partners has announced the sale of 250 West Tasman Drive, a 99,550-square-foot building at Champion Station.
Economy Watch: Another Official Talks of CRE Froth
The Office of the Comptroller is pressing banks to tighten up loan terms to property developers, and toward that end recently reissued its guidance on how banks should approach CRE lending.
Upgraded Mixed-Use Property in Midtown Manhattan Lands New Owner
A 36-unit mixed-use building, located in the core of Manhattan, was sold after extensive renovations.
Akelius Shells Out $56M for Historic Multifamily Community
The company acquired a six-building multifamily property in Brooklyn for $56.5 million, following a competitive bidding process.
$55M Financing for Mixed-Income Community Close to Downtown Boston
Rockport Mortgage arranged the HUD 223(f) refinance of the 465-unit Mystic Place Apartments on behalf of a WinnCompanies affiliate.
More Than 1,100 New Boston Apartment Units Approved
Three large mixed-use residential developments in a number of Boston submarkets.