News
Economy Watch: Americans Remain Pessimistic About Economy
The Pew Research Center reported that despite falling unemployment and various other improving economic metrics, a recent survey of Americans found that most people are still relatively pessimistic about the state of the U.S. economy, a belief that tends to depress consumer activity.
TODAY’S DEALS: NorthMarq Capital Arranges $58M Bond Financing for Student Housing Located on University of Central Florida
NorthMarq Capital arranges financing for the seven-story NorthView Student Housing; a joint venture closes a construction loan for a luxury condo in Miami; and True North Capital Partners affiliate buys two properties in Massachusetts.
‘What Renters Want’ with Jessica Fiur: Appealing to Renters Who Are Parents
It’s Mother’s Day this weekend! Speaking of mothers, a lot of your residents are probably parents. So it might be worth it to make your community more kid and baby friendly.
NRP Group Sells 288-unit San Antonio Luxury Community
The NRP Group LLC announced that it has sold the luxury community Belleza at Cresta Bella Apartments in San Antonio to Illinois-based REIT, Inland, which purchased the community for an undisclosed price. CBRE brokered the transaction of the 98-percent leased community.
AMCAL, TRI Point Homes Break Ground on OC Affordable Housing
Ground has been broken on Oceana Apartments, a multifamily affordable housing development in the Orange County ocean-side city of Huntington Beach, Calif.
American Micro Detection Systems Adds Urban Meters & Readers Inc.
American Micro Detection Systems Inc announced that their water analysis products REXTM and ToxicAlertTM will now be marketed and sold through Urban Meters & Readers, Inc. serving the Southern California region of the United States.
New Projects Easing San Francisco Residential Inventory Woes
A number of new condominium developments slated for delivery this year may do much to address the residential inventory crunch the Golden Gate city is experiencing.
Economy Watch: Seniors Housing Builders More Optimistic
The state of the housing market’s been getting some worried attention lately but the National Association of Home Builders offered a small but hopeful note.
FRHI Announces Seven-Hotel Expansion in the MEAI Region
The MEAI region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts, the company recently announced at the Arabian Travel Market.
TODAY’S DEALS: Newly Built San Antonio Property Trades Hands
The NPR Group sells a 300-unit asset in Houston to Pensam Capital; Carroll Organization and The Carlyle Group complete a Houston apartment disposition; and GFI fetches $175k per unit for a 53-unit apartment building in the Bronx, N.Y.