News
LEI and Tribridge Team to Purchase Atlanta Apartment Building
Lowe Enterprises Investors has teamed with TriBridge Residential to acquire and operate City View, a 202-unit apartment building in Atlanta.
Dominium to Upgrade Recently Acquired Affordable Housing Community
Minneapolis-based affordable housing development and management company Dominium has announced that it has acquired a 172-unit community in Saint Paul, Minn.
Economy Watch: Economy Still Growing, But Not Gangbusters
The Federal Reserve released the latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” better known as the Beige Book. According to the report, economic activity has expanded in all the 12 Federal Reserve districts since the previous book, but “none of the Districts pointed to a distinct shift in the overall pace of growth.”
Opus Completes VÉLO Apartments in Twin Cities
VÉLO, an apartment project in downtown Minneapolis, has been competed by the Opus Group. The community includes 101 apartment units and 12,000 square feet of retail space.
Crescent Appoints New Group Presidents To Support Growth
Crescent Communities announced two appointments in its land and commercial business groups.
TODAY’S DEALS: Levin Realty Advisors Completes 320 Unit Sale to L3C Partners
L3C Partners picks up a Class A asset in Illinois from Levin Realty Advisors; and NorthMarq Capital secures $16.9 million new construction loan for the Cookie Factory.
Partial Sale of Tempe’s Rialto Condominiums Announced
Dedicated multifamily brokerage and advisory services firm ABI Multifamily has announced the sale of 22 of the 54 residences at Rialto Condominiums, near Arizona State University in Tempe.
Bell Partners Purchases Fairfax, Va., Community
Bell Partners has announced that it has purchased the 246-unit Fair Oaks at Pender Creek community in Fairfax, Va., on behalf of its investors.
LEED Proven Provider: New Designation to Streamline the LEED Review Process
The Green Building Certification Institute launched LEED Proven Provider, a new designation that streamlines the LEED project review process for experienced organizations that demonstrate consistent excellence in administering LEED projects.
Economy Watch: More Evidence That Home Prices Rising More Slowly
CoreLogic reported that home prices, including distressed sales, increased 7.4 percent in July 2014 compared with the same month a year earlier.