News
Wanda Group to Invest $26B in Developments across the Province of Sichuan
Dalian Wanda Group, one of China’s largest property developers and the world’s largest cinema chain operator has announced plans to invest 162 billion yuan (more than $26 billion) in developments across the Sichuan province.
CHW Finishes Redevelopment of LA County Affordable Housing
Community HousingWorks has completed work on the redevelopment of the 88-unit Azusa Apartments.
TODAY’S DEALS: Equity Residential Drops $130.2M on Boston Asset
CBRE/New England brokers a Gerding Edlen sale in Boston; Berkadia brokers the sale of a California multifamily property for more than $55.5 million; and Oakwood Worldwide grabs Raleigh corporate apartments.
The Community Development Trust Announces New Leadership Hire
The Community Development Trust (CDT) announced the hiring of a new member to its team: Matt Zarlengo, vice president – debt and equity investments.
AIM Conference Special Report: Five AIM Takeaways
Here’s a few of the industry lessons that AIM 2015 brought into the spotlight.
Atlantic | Pacific Companies Expands Portfolio in Atlanta
Miami-based Atlantic | Pacific Companies announced its acquisition of two multifamily communities in Atlanta. The newly closed deals bring A|P’s regional reach to 12 multifamily communities within just three years of opening its Atlanta office.
CPC Helps Keep NYC Community Affordable
With funding through Freddie Mac, Community Preservation Corporation has closed on a $40 million loan for the refinancing of Cathedral Parkway Towers. Refinancing helps prevent otherwise unavoidable rent increases that would have resulted from escalating operating costs at the 309-unit Mitchell-Lama project on West 110th Street in New York City.
Economy Watch: Will the Economy’s Continuing Slow Growth Affect Real Estate Development?
Now that a crummy first quarter, at least in terms of U.S. economic growth, has been verified by the preliminary GDP numbers (up a meager 0.2 percent), attention turns to the second quarter.
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
AIM Conference Special Report: Puppy-Powered Lease Up
In a competitive Washington, D.C., multifamily market, WC Smith released a secret weapon to lease up its 2M property in NoMa: an adorable, social media-savvy English bulldog puppy.