News
ARA Newmark Brokers Sale of 360-Unit Community in Suburban Dallas
In a deal facilitated by ARA Newmark, California-based Frankel Family Trust has acquired Jefferson Center, a 360-unit apartment community located in the Dallas suburb of Richardson.
Timberland Partners Acquires Autumn Park in Overland Park
Timberland Partners has acquired a 232-unit apartment community in suburban Kansas City, which it rebranded Arcadia at Overland Park.
Hunt Mortgage Group Provides $25.4M Loan for 316-Unit Katy Community
Fountains of Katy landed a $25.4 million acquisition loan, thanks to Hunt Mortgage Group.
IPA Arranges Sale of Miracle Mile Apartment Asset
The property was acquired by a private investor.
Architectural Billings Eke Out Gain in February
The American Institute of Architect’s Architecture Billings Index, which dipped into negative territory for the first time in five months in January, inched back up in February with a small increase in demand for design services.
Seattle’s Largest Rental Developments Completed in 2015
A total of 4,279 new apartments were added to Seattle’s local inventory in 2015.
Stone Creek Apartments in North Sacramento Trade Amid Continued Market Improvement
An affiliate of the Bascom Group recently completed the purchase of a Sacramento apartment community.
City Council Approves de Blasio’s Affordable Housing Programs
The NYC City Council approved two major components of Mayor de Blasio’s affordable housing plan with the passing of the MIH and ZQA programs.
Alexandria Apartment Redevelopment Wins Equity Financing, Construction Loan
The property will be a 439-unit apartment community in Alexandria, Va.
$30M Sonata West Retirement Community Promises Resort-Style Senior Living
Scheduled to open in spring 2017, the Sonata West senior housing community will offer 113 luxury units and create 50 jobs.