News
TODAY’S DEALS: NorthMarq Arranges $38M Acquisition Financing for Minnesota Asset
NorthMarq Capital arranges financing for a 361-unit acquisition; Beech Street Capital Closes $32.7 million to refinance two assets in Orange County, Calif.
Slipstream Properties, KTGY Bring Rehab and Development to Denver’s Capitol Hill Neighborhood
Slipstream Properties is poised to capitalize on the resurgence of Denver’s Capitol Hill neighborhood with the development of its Route 40 community.
Marazzi Introduces New Tile Offerings
Bathrooms and kitchens can close the deal for prospective residents, and there is no better way to make both spaces pop than with tile. Marazzi recently introduced three new collections that can bring your apartment design to a new level.
CORT Launches New and Improved ApartmentSearch.com
CORT Business Services, a Berkshire Hathaway company, unveiled a completely redesigned ApartmentSearch.com. The improved site, which is free to all users, includes a bevy of new features and tools to make finding a home easy and stress free.
Michaels Development Company Develops Affordable Housing Community in Dayton’s Historic Germantown-Broadway Neighborhood
The Michaels Development Company has developed Germantown Village, a new mixed-income, affordable housing community that is the first phase of a multi-phase revitalization initiative underway in the historic Germantown-Broadway area of Dayton.
Economy Watch: Apartment Market Weakens a Little, According to NMHC
The National Multi Housing Council reported that all four indexes of its October Survey of Apartment Market Conditions dipped below 50 for the first time since July 2009.
JB Matteson Buys Greater LA Apartments for $82M
JB Matteson has acquired Vanoni Ranch Apartments in Ventura, Calif., for $82 million.
Kearney Realty’s Poughkeepsie Commons Development Opens for Seniors, Homeless, Veterans
There are 71 more affordable housing units available to Poughkeepsie, N.Y., seniors, homeless people and disabled veterans thanks to the completion of Poughkeepsie Commons, a three-story community developed by The Kearney Realty & Development Group.
TODAY’S DEALS: Home Properties Sells Virginia Apartment for $68M
Transwestern represents Home Properties in a 334-unit sale; Harbor Group International completes a 528-unit disposition; and Pembrook Capital provides $7.5 million in preferred equity for a development in Brooklyn.
Tim Swafford of Chattanooga, Tenn., Named NAHB Remodeler of the Year
NAHB Remodelers, the remodeling arm of the National Association of Home Builders, named Tim Swafford, CGR, CAPS, CGP, of Swafford Construction in Chattanooga, Tenn., the 2013 Remodeler of the Year in recognition of his professional remodeling achievements.