News
Economy Watch: Number of Job Openings Jumps
There were 4.8 million U.S. job openings on the last business day of August, up from 4.6 million in July, the Bureau of Labor Statistics reported in its Job Openings and Turnover Summary (JOLTS).
Hanover Co. Obtains $67M Loan for Houston Apartment Tower Development
Hanover Co. has secured a $67 million loan to finance Hanover Montrose, a high-rise multifamily rental property under construction at 3400 Montrose Blvd. in Houston.
TODAY’S DEALS: Berkadia Secures $107M in Multi-Layered Financing for Portfolio of Las Vegas Properties
Berkadia Commercial Mortgage arranges $102.9 million in financing for Angelo, Gordon & Co. and Interwest; Gelt Inc. wraps up its first purchase in Utah; and Wells Fargo provides $26 million for a mixed-use development in Raleigh, N.C.
Lowe Enterprise Investors JV Acquires Boulder, Colo., Community
Lowe Enterprise Investors has announced the acquisition of a 161-unit garden-style community in Boulder, Colo., in a joint venture with an unnamed investment client.
Fixed Versus Floating
There may still be benefits to selecting adjustable-rate, not fixed-rate, mortgages.
LDG Development Breaks Ground on 433-Unit Affordable Housing Community in Austin
LDG Development has broken ground on The Pointe at Ben White and The Villages at Ben White, a 433-unit neighborhood with garden-style apartment homes in Austin, Texas, designed for working families and those 55 and older earning 60 percent of Austin’s area media income.
Destined for Greatness
HHC uses multifamily to create walkable urban centers within its famed communities.
EXPO Real Special Report: Redeveloping Cities in the Age of the Startup
Speakers from Lisbon, Zurich, Birmingham and Barcelona revealed a growing trend in Europe’s markets: nurturing innovation and businesses created inside the city as a supplement to the constant need to attract established investors.
Bike Fixation’s Public Toolbox Keeps Tools from Walking Away
One problem with the public bike repair shop is sticky fingers. As any home bike mechanic knows, these tools are not cheap.