News
EdR Announces Officer Transitions
EdR, one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, today announced that Paul O. Bower will retire as chairman of the company’s board of directors on December 31, 2014.
30 Lines Releases Top Line Sites Plugin for WordPress
Top Line Sites, a WordPress plugin, was developed by the apartment-marketing agency 30 Lines, based in Columbus, Ohio.
Economy Watch: Housing Starts Edge Down in October
Private U.S. housing starts in October came in an annualized rate of 1.009 million units, according to the Census Bureau.
Oyster, Tricon Bag $143M Construction Loan for SF Condo Development
Oyster Development and Tricon Capital have obtained a $143.5 million construction loan on their condo project, Rockwell, which is at 1634-1690 Pine St. in San Francisco.
TODAY’S DEALS: HFF Arranges $29.7M Refi for North Carolina Apartments
Banner Apartments lands $29.7 million to refinance an asset; NorthMarq Capital arranges $19.2 million to refinance an apartment community in Springfield, Ill.; and RED provides financing for the housing authority’s rehabilitation project under RAD.
Bonita Fountains Apartments Awarded Best Renovated Community by AAGO
Continental Realty Advisors has announced that Bonita Fountains Apartments in Orlando has been awarded Best Renovated Community in the Apartment Association of Greater Orlando’s 7th Annual Golden Key Awards.
LeaseHawk Launches App
LeaseHawk launched its Relationship Management App, the first app focused on managing relationships in the multifamily industry, from lead to resident and beyond.
One Seaport Square Breaks Ground in Boston
Berkshire Group, WS Development and Boston Global Investors announced the groundbreaking of One Seaport Square, the largest mixed-use project in Boston in three decades.
Economy Watch: Builders More Optimistic
Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.
SummerHill Completes Work on NorCal Apartments
SummerHill Apartment Communities, a division of SummerHill Housing Group, has completed Brio, a 300-unit apartment development in Contra Costa County, Calif.