News
Wood Partners Begins Work on Portland Multifamily Project
Wood Partners has broken ground on a 281-unit apartment community in the Pearl District of Portland, Ore.
TODAY’S DEALS: Avesta Completes Austin Apartment Acquisition
Avesta Communities expands in Austin; Oak Coast and IMG acquire a Seattle-area apartment for $21.9 million; and Commercial Mortgage Capital arranges a $14.27 million loan assumption for an 55-plus seniors property.
Rockstreet Partners JV Acquires Student Housing Community in Bryan, Texas
Rockstreet Partners has announced that it has acquired College Edge Apartments in Bryan, Texas, after entering into a joint venture with ApexOne Investment Partners to own and operate the asset.
How Proposed Johnson/Crapo Legislation Could Affect Multifamily
MHN talks to Willy Walker, CEO of Walker & Dunlop, about this new proposed legislation and how the bill could affect multifamily if it passes.
Joint Venture Condo Development Set for NYC’s Upper East Side
Zeckendorf Development, Global Holdings and Park Sixty are developing 520 Park Ave., a 51-story luxury residential tower located at East 60th Street between Park and Madison Avenue, on Manhattan’s prestigious Upper East Side.
Economy Watch: Serious Residential Delinquencies Still on Downward Path
Freddie Mac reported that its single-family serious delinquency rate dropped from 2.34 percent in January to 2.29 percent in February.
Melos Group Tops Off Miami Apartment Development
Flagler on the River, a rental tower currently under development by the Melo Group, recently topped-off construction at 32 stories.
TODAY’S DEALS: Kennedy Wilson, Capri Capital Buy Suburban Seattle Apartments
An apartment in Bothell, Wash., trades for $45.8 million; Waterton Associates completes a 100-unit purchase in New Jersey; and a Hollywood micro-unit building trades for $14.75 million.
Construction Begins on The Picerne Group’s 198-Unit Multifamily Development in Cerritos, Calif.
The Picerne Group has announced that it has broken ground on its latest development, Aria. The Class A 198-unit residential community will be located at the cross streets of Bloomfield Avenue and Artesia Boulevard across the street from the Cerritos Towne Center.
Wood Partners Promotes Two to Construction VPs for the East & West Divisions
Wood Partners announced that it has promoted Phillip Vetter and Eric Fisher to the position of vice president of construction.