News
Fein Announces Details For Second Multifamily Development in Springwoods Village
Multifamily developer, builder and property management company, Fein (formerly Martin Fein Interests), has announced that it has purchased 3.75 acres from CDC Houston in the Houston suburb of Spring, Texas, that will be used to construct a luxury mixed-use development.
TODAY’S DEALS: Behringer Grabs 435 Units in Dallas from Greystar
Behringer Harvard Opportunity REIT II Inc. completes a Dallas acquisition; HFF arranges $100.7 million for a development in Honolulu; and Hunt Mortgage Group refinances a multifamily property in Alabama.
What Renters Want with Jessica Fiur: The Importance of Package Management
Package management is one of residents’ top amenities choices. Who knew?
Hyatt Sells Regency Hotel in Canada, Builds New One in Japan
In early December, Hyatt Hotels Corporation announced the sale of Hyatt Regency Vancouver and the plans to develop a new Regency-branded hotel in Naha, Japan.
WNC Provides Funds for New Affordable Housing Near Seattle
The Villas at Lakewood, a new 240-unit affordable housing community in Marysville, a suburb of Seattle, has opened. WNC provided $9.5 million in low-income housing tax credit equity to fund the development.
Economy Watch: Job Openings Edge Up in October
There were 4.8 million U.S. job openings on the last business day of October, according to the Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey.
Crescent Opens Durham Apartment Development
Crescent Communities has opened Crescent Main Street, a 208-unit apartment property in Durham’s Ninth Street district.
Performance is Paramount
Executives from top third-party property management companies discuss the realities of the fee management business today.
TODAY’S DEALS: McDowell Buys 242-Unit Asset from Waterton
ARA brokers a $32.4 million sale in Pittsburg, Calif.; Gebroe-Hammer completes 12 sales totalling 463 units; and Red Mortgage originates $1.8 million FHA 223(f) refinance for a seniors housing property.