News
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.
MHN Interview: Brice Leconte, Founder, iUnit
iUnit is a new modular housing project coming to Denver in 2015, blending smart energy use, wireless connectivity, green construction and the urban living preferences of American Millennials.
Berkshire Grabs 325-Unit M-F Asset in Dallas’ Medical District
Berkshire Group wraps up a busy year of buying with the acquisition of Aura Medical District, a 325-unit apartment community in Dallas’ booming Medical District.
NJAA Hires Nichole F. LoPresti as Senior Vice President of Government Affairs and Special Events
The New Jersey Apartment Association has announced that Nichole F. LoPresti of Marlton, N.J., has joined the organization as senior vice-president of government affairs and special events.
Contegra Construction’s Trailblazer Commons Phase I Opens in Illinois
Phase I of Trailblazer Commons, serving Godfrey, Ill.-based Lewis and Clark Community College, has opened to students.
‘The Accidental Economist’ with Jack Kern: Oil Prices Slip Sliding Away
I think in many respects being an economist means you look at things the same way an urban planner does but with a much longer time horizon. A planner thinks about what initiatives make the city better today. An economist thinks about what is happening now that will affect what the city will look like, but much further into the future.
Economy Watch: Holiday Retail Sales Strong This Year
Holiday retail sales between Thanksgiving and Christmas—except for car sales— increased 5.5 percent this year compared to the same period last year, according to MasterCard’s SpendingPulse report.
Housing Partnership Equity Trust, AHC Acquire Multifamily Community for $33.5M
Social-purpose REIT Housing Partnership Equity Trust (HPET) announced that it has picked up its first Washington D.C.-area property multifamily community, in partnership with nonprofit developer AHC Inc.
TODAY’S DEALS: HFF Lands $118M for K2 Chicago
HFF provides $118 million to The Georgetown Co.; Senior Housing Properties Trust to complete a massive portfolio buy; and Essex Realty Group brokers the $2.7 million sale of a historic property in Chicago.