News
Prime Property Investors Top-Off at Alexan at Auburn Lakes in Houston
Prime Property Investors has announced that construction on Alexan at Auburn Lakes in Houston has topped off on the community’s nine three-story buildings. The company partnered with Trammel Crow Residential to develop the 346-unit garden style community.
TODAY’S DEALS: Berkadia Arranges $146M for First Seniors Housing Early Index Lock Deal
Berkadia closes a first-ever seniors housing Early Index Lock transaction; Investor’s Bank closes 80 deals in 1Q14 with strong multifamily business; and Cohen Financial secures $16 million in equity for a condominium development in South Florida.
‘What Renters Want’ with Jessica Fiur: 5 Things Apartments Should Copy from Hotels
Apartment communities are taking cues from the hospitality industry. Here are five things apartments should adapt from hotels.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.
Hughes Corp. Plans Apartments for Downtown Summerlin
The Howard Hughes Corp. and the Calida Group have unveiled plans for the first multifamily residential development in the 400-acre Downtown Summerlin in the Summerlin master-planned community in Las Vegas.
Enterprise to Develop Two L.A. Green Affordable Properties
Enterprise Community Investment Inc. has announced a pair of new Low Income Housing Tax Credit deals that will fund construction of buildings for low-income and formerly homeless families and seniors with special needs.
Economy Watch: Durable Goods Another Positive for the Economy
Indicators for the U.S. economy in March have so far been coming in mixed, but on Thursday there was one more for the positive side of the ledger: durable goods orders were up 2.6 percent for the month, according to the Census Bureau.
Economic Upswing and Light Rail Expansion Paving the Way for Investors in the Denver Market
The economic upswing and the light rail expansion in the Denver market will be the beacons that will light the way for investors through 2014.
TODAY’S DEALS: Security Properties Grabs 192-Units in Las Vegas
Security Properties enters Las Vegas with a $23 million apartment purchase; Marcus & Millichap brokers a $3.5 million rehab sale in St. Petersburg, Fla.; and Red Capital signs a $10.1 million FHA 223(f) loan with ReBuild America to preserve affordable housing.
Bernards Finishes Construction on BRE’s Wilshire La Brea in Los Angeles
Bernards has announced the completion of the $105 million Wilshire La Brea mixed-use development located in Los Angeles’ Mid-City neighborhood. The property was developed by San Francisco Based BRE Properties, which will also manage the rental community.