News
Brookfield Multiplex Begins Construction on $88M Seniors Community in Sydney’s Vaucluse Suburb
Global contractor Brookfield Multiplex has broken ground on an $88 million (AUD $100 million) seniors community in Sydney’s Vaucluse suburb.
Economy Watch: RIP QE3
The Federal Open Market Committee has officially let the world know that the central bank’s stimulus of the economy, often known by the shorthand QE3, is over.
PointOne Holdings Acquires 344-Unit MF in Metro Atlanta for $18.65M
PointOne Holdings has acquired Madison at Waterford, a 344-unit multifamily community in the Atlanta metro area city of Lithia Springs, Ga., for $18.65 million, and will rebrand the community as Waterford Point.
Cities Throughout the World Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
Pennrose’s Fairview Village Wins National NAHRO Award
Fairview Village, an affordable apartment community developed by Pennrose Properties LLC in partnership with the Housing Authority of Chester County, Pennsylvania, has won a 2014 National Agency Award of Excellence from the National Association of Housing and Redevelopment Officials (NAHRO).
TODAY’S DEALS: Investors Bank Closes $88M in Apartment Transactions
Investors Bank expands its lending footprint; Bascom buys in Los Angeles county; and NorthMarq Capital facilitates $12.5 million acquisition financing.
Broadstone Lincoln Earns LEED Platinum Certification
Millennium Partners has unveiled plans for Millennium Tower Boston at 40 Franklin St., across from the site of the former Filene’s Department Store and the Burnham Building. All together, the tower will include 442 for-sale residential units.
Six Units Remain at Victoria Condo Development in DC
Urban Pace has announced that it has sold 10 of 16 condominium units at Drummond Development’s recently completed Victoria condominium development in Washington, D.C.
Ground Broken on StreetLights Rental Project in Houston
The Carter, a new 20-story high-rise development from Dallas-based StreetLights Residential, has broken ground in the Museum District of Houston.
Economy Watch: Apartment Market Still Strong
The National Multifamily Housing Council Quarterly Survey of Apartment Market Conditions found that U.S. apartment markets expanded across all four areas that the organization measures.