News
Pennrose’s Mark Dambly Elected to PAA East Board of Directors
Mark Dambly, president, Pennrose Properties, has been elected to the 2015 board of directors of the Pennsylvania Apartment Association East.
Vesta Plans Redevelopment of DC Apartments
Vesta Corp. has unveiled plans to completely redevelop Highland Terrance Apartments, a 124-unit multifamily property formerly known as the Gregory Apartments. The apartment community is in the southeast region of Washington, D.C.
Brian P. Brooks Appointed Executive Vice President, General Counsel, and Corporate Secretary
Fannie Mae announced it has appointed Brian P. Brooks, 45, as executive vice president, general counsel and corporate secretary effective November 10.
WinnCompanies Tapped for Management Responsibilities at Lumiere
Criterion Development Partners has selected WinnResidential to oversee management of its new Medford, Mass., property, Lumiere.
TODAY’S DEALS: Atlas Residential Completes Largest Orlando Apartment Acquisition Year-to-Date
CBRE brokers the largest transaction in Orlando for 2014; ARA closes the sale of a luxury community in Palm Beach County to a joint venture between AIMS Real Estate and Carroll Organization; and Cohen Financial secures $12.6 million in joint venture equity for a Florida development.
Greater Newark Housing Partnership to Create New Affordable Units
Two dozen new affordable and supportive apartments are coming to Newark’s Fairmount Heights neighborhood.
Economy Watch: Housing Starts Bounce Back in September
Privately owned U.S. housing starts in September were at an annualized rate of 1.017 million units, according to the Census Bureau.
UIP Completes Renovation of Century-Old DC Apartments
Urban Investment Partners has completed the renovation of a 1910-vintage apartment building in Washington, D.C., known as The Madeira.
TODAY’S DEALS: Behringer Harvard Buys 2013-Built Dallas Apartments
Behringer Harvard buys 435 units in Dallas; Charles Dunn Co. completes a $43.3 million sale; and BMC Capital arranges a five-year, floating-rate loan.
Nationwide Housing Starts Top 1 Million for Third Time this Year, Says NAHB
For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.