News
Economy Watch: New Home Sales Edge Up in September
The Census Bureau reported that the sale of new single-family houses nationwide came in at an annualized rate of 467,000 units in September, up 0.2 percent from August. The year-over-year increase is healthier, however, up 17 percent since September 2013.
Enterprise Makes $6M Tax Credit Investment to Preserve Philly Affordable Properties
Enterprise Community Investment has made a $6 million Low Income Housing Tax Credit deal to acquire, rehabilitate and preserve 92 affordable apartment units within four developments across scattered sites in Philadelphia.
Peak Campus Management Selected to Manage 20 Hawley Street
Atlanta-based Peak Campus Management has announced that it has been tapped to manage 20 Hawley Street in Binghamton, N.Y.
TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development
Canyon Capital Realty Advisors has provided $123.6 million for a 57-story luxury residential condominium development in the heart of Miami’s Financial District; and NorthMarq Capital’s Seattle office finalizes two multifamily transactions totaling $52.709 million.
Major Multifamily Portfolio in Dublin Brought to Market for $147M
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.
Prague Office Project Nears Completion, Trades Hands from Skanska to Invesco
The Riverview office project in Prague recently traded hands as Invesco Real Estate purchased the asset from owner Skanska Property Czech Republic.
New GDC Rentals Brand Debuts in Yonkers
One of the most sprawling residential projects to be built in Yonkers in recent years has broken ground. Ginsburg Development Companies has commenced construction on River Tides at Greystone, a new $100 million, 330-unit luxury apartment community neighboring the Hudson River.
Economy Watch: FHFA Home Price Index Sees Late Summer Uptick
U.S. house prices saw an unusually strong uptick in August compared with July, according to the Federal Housing Finance Agency monthly House Price Index.
Greenbuild 2014: Financing Green Retrofits for Affordable Housing
Financing green retrofits for affordable properties is no simple task. Yet as this Greenbuild panel presents, there are some very clever ways the industry is surmounting the unique set of challenges.
Asian Investors Increase Their Appetite for US Multifamily
Asian investors are poised to spend more on U.S. multifamily assets in 2014 than at any other time in history, according to a recent report by CBRE.