News
HUD to Distribute $150M to State Housing Agencies for Low-Income Rental Assistance
HUD has awarded $150 million in rental assistance to 25 state housing agencies, with the goal of preventing individuals with disabilities from being institutionalized or possibly falling into homelessness.
New Hyatt Regency-Branded Hotel Opens in Dubai
Hyatt Hotels Corp. recently announced the opening of Hyatt Regency Dubai Creek Heights, the fifth Hyatt-branded property in the city. Developed by wasl Hospitality, a subsidiary of wasl Asset Management, the new hotel is comprised of two 538-foot high-rise towers located next to the Dubai Creek.
TODAY’S DEALS: Wood Partners Completes Another California Sale
Wood Partners completes a Bay Area sale; NorthMarq arranges a refinancing in Rochester, N.Y.; and GFI Realty arranges a $4.6 million sale of a Harlem walk-up building.
ULI and The MacArthur Foundation Launch Online Portal
The Urban Land Institute (ULI), with the support of the John D. and Catherine T. MacArthur Foundation, has launched How Housing Matters, an interdisciplinary online portal focused on housing’s role in individual and neighborhood well being.
How to Successfully Rebrand a Foreclosure
Multifamily real estate investment firm Shamrock Communities has reopened its two rebranded Las Vegas properties after a $2.5 million capital improvement project at Liberty Village and Village Square.
Economy Watch: How Energy Prices Are Affecting CRE
Domestic energy prices seem to have stabilized for now, but that still leaves a question: what will low energy prices do to (and for) commercial real estate over the longer run?
A Secret Behind the Booming Real Estate Industry
A 2015 Crowdfunding Report released Tuesday by Massolutio highlights real estate as one of the dominating sectors to benefit from crowdfunding, driving $2.5 billion in capital this year alone.
Work Nearly Complete on 110 First Street in Jersey City
Urban Development Partners, along with ARES Management and BLDG Management, is close to completion on 110 First Street in Jersey City’s waterfront (the property’s also known as The One).
TODAY’S DEALS: Associated Estates Seeks High ROI in Atlanta’s Perimeter
Associated Estates grabs its sixth Atlanta asset; FPA multifamily completes a San Diego buy; and Grandbridge Real Estate Capital secures $4.3 million in portfolio financing from a life insurance company.
Rental Beast Expands to Greater Philadelphia and Chicago Markets
Rental Beast, a rental real estate listing service, announced its expansion to the Greater Philadelphia and Chicago areas