News
Economy Watch: Residential Price Increases Still Slowing Down
The deceleration of residential prices continues apace, according to the latest S&P/Case-Shiller Home Price Indices.
Work Begins on West Miami Apartments
Ground has been broken on Gables Prado, an apartment development in West Miami, an inner suburb of Miami also near Coral Gables. The property, at 950 S. Red Road, includes 194 units.
TODAY’S DEALS: StarPoint Grabs 259 Units in Los Angeles County
StarPoint completes a $51.8 million acquisition; Marcus & Millichap brokers a 26-unit sale in Illinois; and NorthMarq Capital arranges $11.86 million in Fannie Mae acquisition financing.
ICFF: Where Edgy Meets Functional
The International Contemporary Furniture Fair (ICFF) is a great place to see what’s next before it becomes mainstream. The MHN editorial team stopped by ICFF 2014 at Jacobs A. Javits Convention Center last spring and saw a number of interesting products. The next ICFF is May 16-19, 2015 at Javits.
JB Matteson Acquires 216-Unit Sacramento Apartment Community for $29.75M
JB Matteson has acquired Medici Apartment Homes, a 216-unit apartment community in Sacramento, Calif.’s north Natomas submarket for $29.75 million and rebranded it as Avanti. Arroyo & Co. arranged the transaction.
Join Us for a Live Twitter Chat about #NMHCOpTech
Join us for a live Twitter chat on Thursday, December 4 at 1 p.m. EST on the subjects discussed at the recent NMHC OpTech conference.
MHN Interview: David Redfern, Consolidated Holdings President, Majority Owner of the New WaterWalk Franchise
A new residential franchise will be arriving in 2015 in select cities across the United States. Real estate pioneer Jack DeBoer recently announced the company’s fifth franchise, WaterWalk Hotel & Apartments, a new project that combines the features and amenities of the extended-stay hotel industry with those of apartment ownership. MHN talks to David Redfern, president, Consolidated Holdings, which is the majority owner of WaterWalk Hotel & Apartments.
Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change
The World Bank released a report on the long-term impact of climate change, focusing on the affect on the “lives and livelihoods” of people in three parts of the world.
WiSe, Nuestra Complete Affordable Housing Rehab in Boston
WiSe Urban Development and Nuestra Comunidad Development Corp. have completed the rehabilitation of Washington Park. The property is an eight-building, 96-unit apartment community that straddles the Boston neighborhoods of Dorchester and Roxbury and includes 86 affordable units.
SoulCycle Leases Ground Floor at Related Midwest’s OneEleven
Related Midwest has announced that indoor cycling chain SoulCycle has inked a lease for the 4,200-square-foot ground-floor space at the developer’s upscale mixed-use residential tower, OneEleven, in Chicago.