News
Cadence McShane Completes Texas Seniors Care Community
Cadence McShane Construction Company has completed the comprehensive construction services for Legacy at Falcon Point, a seniors care community in Katy, Texas. The new, 82-unit assisted living and memory care facility was constructed on behalf of PinPoint Commercial LP.
Fannie Mae Partners with Detroit Land Bank Authority to Stabilize Neighborhoods
Fannie Mae has partnered with the Detroit Land Bank Authority to help stabilize neighborhoods hard-hit by foreclosure.
Economy Watch: State Unemployment Rates Edge Down
Unemployment rates decreased in 34 states and the District of Columbia in October compared with September, while five states suffered increases and 11 states had no change, the Bureau of Labor Statistics reported.
New Glendale Property Leases Quickly
The demand for apartments is still brisk in Southern California, if the pace of leasing at the 310-unit Lex on Orange apartments in Glendale is any indication.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
HydroPoint Announce Next Generation Smart Irrigation
HydroPoint Data Systems announced at the Irrigation Show & Education Conference its Fall 2014 WeatherTRAK® Smart Irrigation Release building on the Company’s new conservation apps and advanced flow management products announced earlier this year.
TODAY’S DEALS: JB Matteson Purchases Sacramento Multifamily Community for $29.8M
JB Matteson buys its second Sacramento apartment asset; Bell Partners sells a St. Louis community to Equus Capital Partners; and CBRE Group arranges the sale of a Coney Island apartment building for $3.78 million.
Capital One Multifamily Finance Opens Orlando Office, Appoints Senior Vice President Robert Nagel to Head Office
Capital One Multifamily Finance announced that it has opened a new office in Orlando, Florida. The office will be headed by Robert Nagel, newly appointed senior vice president of originations, and will offer Capital One’s clients access to Agency financing from Fannie Mae, Freddie Mac, and the FHA.
Sunrise Adds Four Properties to Management Portfolio
San Diego-based Sunrise Management has announced the addition of four properties to its multifamily portfolio, adding 477 units to its portfolio of more than 5,300 units in the region.
Recent Success Fuels New Wave of Sales at Dubai Creek Harbour
Sales for more than 240 units in the second and third luxury residential towers of Dubai Creek Harbour at The Lagoons were launched in mid-November, at a sales event in Dubai, Abu Dhabi and Doha.