News
MHN Interview: Steven South, IIDA, LEED AP, Resident Futurist at Perkins+Will
Perkins+Will’s resident futurist keeps an eye on augmented reality and other emerging trends
Economy Watch: New Homes Sales Dip in December, Up Year Over Year
Home sales dip in December, and President Obama will address the situation of long-term unemployment in tonight’s State of the Union address.
The Mark Co. Takes on Branding of San Francisco Shipyard and Candlestick Point
Lennar Urban has tapped The Mark Company in the residential branding and design of San Francisco Shipyard and Candlestick Point, the city’s largest redevelopment effort since the 1906 earthquake and fire.
Jones Lang LaSalle Closes Multifamily Portfolio Sale Near Baltimore
Morgan Properties acquires a trio of apartment properties in Baltimore’s Windsor Mill submarket.
TODAY’S DEALS: Sacramento Asset Trades for $14.3M
Marcus & Millichap completes a 97-unit sale in Carmichael, Calif.; Centerline closes a $4 million Fannie Mae loan to refinance a 146-unit asset in California; and Red Capital Partners uses its own balance sheet to provide a $25 million bridge loan.
Atlantic | Pacific Cos. Acquires Pair of Atlanta Communities
Atlantic | Pacific Cos. augments its already extensive Atlanta portfolio with the acquisition of 518 units in the city’s central core.
Economy Watch: Investors Get the Jitters
Wall Street takes a tumble and CUNA reports that the cost of credit card breaches is mounting.
Trade Street Residential Pays $44M for Memphis Luxury Apartments
Florida-based Trade Street Residential Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC—formerly known as Red Mountain Development.
Wood Partners Makes Top Leadership Changes
Wood Partners L.L.C., a major national multifamily development specialist, is making a number of changes to its upper management, including a new chairman of the board of directors, and a new president, who will also be chief financial officer.
LandSouth Construction Begins Projects in Tennessee, Florida
LandSouth Construction, a general contractor that focuses on multifamily developments, has begun building two new projects. They are Integra Preserve, an upscale apartment community in Collegedale, Tenn.; and American House, a senior living community in Bonita Springs, Fla.