News
Economy Watch: ADP Reports Modest Jobs Growth
In a normal first week of the month, Wednesday’s Automated Data Processing report on employment would be a way station on route to more official numbers on jobs from the Bureau of Labor Statistics, and probably not a good predictor of the government numbers.
Carter Starts Construction of San Antonio Student Housing
Real estate developer Carter has started work on a 198-unit, 590-bed student housing project about half a mile from the University of Texas at San Antonio.
TODAY’S DEALS: Greystar Sponsors Recapitalization of $440M Portfolio with Ivanhoé Cambridge, Goldman Sachs and Partners
Greystar sponsors the recapitalization of a $440m portfolio; Colliers completes a $57.8 million sale in Arizona; and NorthMarq arranges $13.4 million in construction financing for a student housing asset in Oklahoma.
Material ConneXion Opens its 11th Library in Tokyo
Material ConneXion announced the official opening of its 11th international library, located in Tokyo, Japan.
McMillin Communities Breaks Ground on 210-Acre Community in South San Diego County
McMillin Communities shifted its focus back to Southern San Diego County with the recent ground breaking ceremony for its multi-billion dollar Millenia project, which will feature the creation of 3,000 multi-family residences, 2 million square feet of office spaces and 1.5 million square feet of retail, hospitality, civic and mixed use projects over the next 20 years.
Economy Watch: Too Soon to Gauge Shut Down Impact
Day One of the federal government shut down, 2013 version, passed without too much incident on Tuesday. As expected, certain functions of the U.S. government came to a halt. Also as expected, Congress didn’t act to resolve the situation.
Ram and Lennar Joint Venture to Develop Luxury Apartments
Ram Realty Partners III, an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown, a new 261-unit luxury mid-rise apartment community on an infill site in the Midtown submarket of Charlotte, N.C.
Multi-Housing News: Inside the September 2013 Issue
Read the articles from the latest digital issue of Multi-Housing News.
The Power of Paint
Improve apartment indoor air quality and boost curb appeal—all in one stroke.