News
TODAY’S DEALS: Essex Property Trust Buys 379 Units in San Diego
Essex Property Trust completes a $121 million apartment acquisition; Kennedy Wilson and partners buy 388 rental units in a Portland suburb; and Marcus & Millichap arranges a $71.1 million sale of eight Silicon Valley redevelopment sites.
Steadfast Acquires Six-Property Portfolio in Houston
Steadfast Income REIT has announced the acquisition of a property portfolio that comprises 1,692 apartment units over six different properties in the Houston area, bringing the REIT’s acquisition total to 57 Communites in 11 Midwestern and Southern states.
Diane Nordin Elected to Fannie Mae Board of Directors
Fannie Mae announced that the board of directors has elected Diane C. Nordin to the company’s board.
InHaus, Redfin Join Forces on Seattle Condo Development
Acclaimed sustainability developer InHaus and technology-driven real estate brokerage Redfin are coming together to unveil a new condominium development in the Ballard neighborhood of Seattle.
Economy Watch: Consumer Debt Sees Uptick in 3Q
Aggregate U.S. consumer debt increased by $127 billion in the third quarter of 2013, the largest increase since the first quarter of 2008, according to the New York Federal Reserve.
HOK-Planned Green Mega-Development Launches in India
Luxora Infrastructure Pvt Ltd has launched Ensaara Metropark, a 280-acre mixed-use mega-development in Nagpur, the state of Maharashtra, under the Government of Maharashtra’s Special Township Policy.
Dutch Architecture Firm Plans Floating Apartment Community
Given its century-old battle with the forces of nature, in preserving the integrity of its territories, the Netherlands seems to have come to an understanding that it won’t always be able to stave off Mother Nature.
Deco Communities Redevelops Vegas Apartments Frequented by Rat Pack
Cabana on Dumont, the redevelopment of the former Rainwalk Apartments in Las Vegas, has opened. It’s the first apartment outside of Arizona to be converted into Scottsdale-based Deco Communities’ “Cabana Modern Apartment Homes” brand of rental properties.
WESTliving Plans Construction of Continuum of Care Model Community
California-based WESTliving has announced its plan to build an independent, assisted living and memory care seniors community in an upscale area of South Corona, Calif. in Riverside County.