News
TODAY’S DEALS: Banner Essex Acquires 274 Units in Charlotte
Banner Essex Strategic Fund II completes its second buy; a condominium-entitled apartment trades hands for $14.2 million in Oceanside, Calif.; and The Greysteel Co. is retained as the exclusive agent for the sale of a 28.64-acre property in Northern Virginia.
Arriscraft Stone Achieves the Quarried Look without the Cost
Arriscraft uses a high-pressure bonding process to create man-made stone with a quarried stone look. The end result is a 100 percent dimensionally stable, non-fading stone that requires no waterproofing.
Deco Communities Developing $37M Luxury Condos in Scottsdale, Ariz.
Deco Communities has entered into a joint venture with Castlelake and Isles Ranch to develop Envy, a $37 million luxury residential tower to be built in the heart of the Old Town Scottsdale Entertainment District.
Economy Watch: Retail Sales See Healthy Uptick
The Census Bureau reported that retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences—but not for price changes—came in at $433.9 billion, an increase of 1.1 percent from February.
County unveils new regional communications system, center
With a simple turn of a knob on their radio devices, more than 30 public-safety agencies — including the Tucson Police and Fire departments, the Pima County Sheriff’s Department and seven county hospitals — have the ability to communicate with one another during emergencies now that the county’s regional communication system and center have been […]
USA Properties Fund Completes Rehab on LA Seniors Community
The renovation of Huntington Plaza Apartments, a 184-unit low-income seniors housing property in the Los Angeles suburb of Huntington Park, has been completed. The entire cost of the property’s acquisition and rehabilitation was $30.2 million.
Sacramento Affordable Housing Community Receives Grant for Green Upgrades
Mutual Housing California has been awarded a $5,000 grant from the Bank of Sacramento in order to make green renovations at Greenway Village Mutual Housing Community, a 54-unit affordable housing community located in South Sacramento, Calif.
TODAY’S DEALS: MIG Snaps Up 168-Units in Denver
ARA brokers an apartment sale outside Denver; San Antonio Commercial Advisors completes a value-add transaction in San Antonio; and Bernard Financial arranges a $5.2 million loan.
Cypress Landing Affordable Apartments Reopen in Shreveport
Cypress Landing, formerly known as University Oaks I and II, has received a “grand reopening” in Shreveport, La.
Economy Watch: Consumers Feeling Better About Current Conditions, Outlook
The preliminary Reuters/University of Michigan consumer sentiment index for April came in at 82.6, according to the university, an increase from 80.0 at the end of March, and 79.9 in mid-March. The latest reading is the highest since last summer.