News
Economy Watch: Federal Government Shuts Down
Congress was unable to agree on legislation authorizing money for the continued operations of the federal government by midnight on Monday and, as has been expected for some days now, a shutdown began today, the beginning of the government’s fiscal year.
California Landmark Welcomes Renters to its New Westside Community
California Landmark Group unveiled its new Brentwood community, bw, which aims to attract bi-coastal travelling professionals and executives by offering services such as complimentary valet parking, in-home food delivery, turnkey furnishing, and hotel-like concierge services that are exclusive to residents.
Oak Coast Goes on Multifamily Buying Spree
Oak Coast Properties has acquired two apartment communities in northern California, paying a combined $22.9 million. Totaling 202 rental units, the properties are 400 Santa Alicia Dr. and 333 Enterprise Dr., both in Rohnert Park, Calif.
Creating Curb Appeal
Designing a six-story apartment building that fills an entire block of an existing—and fairly small—suburban downtown is an undertaking that demands the utmost in thoughtful consideration and planning.
Economy Watch: Personal Income, Expenditures Up in August
The Bureau of Economic Analysis reported that U.S. personal income increased $57.2 billion, or 0.4 percent in August compared with July, and disposable personal income—after taxes, the kind everyone likes—was up 0.5 percent.
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.
Ingerman Announces Leasing Underway at New East Crossing
Applications are being accepted at New East Crossing, a new apartment community featuring upscale yet affordable apartments in North East, Md.
TODAY’S DEALS: Greystone Closes $38.8M CMBS Deal
Greystone closes a CMBS loan for an Ohio owner; National Health Investors acquires a seniors living campus in Alabama; and Meridian Capital negotiates $78.1M in financing for properties in NYC.
Emporis Skyscraper Award 2012 Goes to Canada’s Absolute World Condominium Complex
The Absolute World residential towers in the Toronto suburb of Mississauga have garnered the prestigious Emporis Skyscraper Award, one of the most highly regarded prizes for high-rise architecture.