News
Economy Watch: The Time Bomb Ticks Louder
There was more uncertainty and inconclusiveness on Capitol Hill on Tuesday as the putative date of default (Thursday) got very close indeed.
AvalonBay Begins Work on LA County Apartments
AvalonBay has bought five acres of land through a series of transactions for the development of a new apartment property that the Washington, D.C.-based REIT says will be the largest in that city.
The Aspen Companies Acquires Five HUD Properties in Southeast
The Aspen Companies has acquired five HUD properties totaling more than 700 apartment homes in prominent southeastern cities, which will significantly increase its presence in key urban markets in that section of the country.
Economy Watch: Debt Ceiling Raised, Gov’t Open (For Now)
There’s nothing like a deadline to inspire action, so finally on Wednesday, Congress voted to raise the debt ceiling so that the federal government doesn’t default on existing obligations, and end the partial shutdown of government operations.
TODAY’S DEALS: Peak Capital Partners Acquires a 434-Unit Apartment in Denver
Peak Capital Partners acquires a Denver asset from Prime Residential; Centerline Capital finances a Houston acquisition; and HFF arranges a $62.4 million construction loan for condo development in Manhattan’s Greenwich Village.
TODAY’S DEALS: Ytech Acquires Five Communities for $35M
Ytech International acquires 1,312 units in Houston; NorthMarq Capital secures $24.1 million for a Houston acquisition; and Arbor Commercial announces its New York office funded $79M in loans.
DelShah Capital Completes a $26.8M Buy in NYC’s West Village
DelShah Capital has acquired 37 units in New York’s West Village from Stone Street Properties.
Sales Open on Sarasota’s First Waterfront Residential Community Since 2006
Sales have commenced on residences at Sarsota’s first waterfront residential community since 2006.
TDI Real Estate Commences Construction on Jefferson Las Colinas in Dallas
Construction has started on Jefferson Las Colinas, a 386-unit luxury multifamily community in Las Colinas, a submarket of Dallas. TDI Real Estate is developing the community.
Green Cabinetry That Could Really ‘Transform’ a Space
If you’re going green, one of the easiest first steps is to source products that are locally produced. In the New York region, for high-end cabinetry, developers should look to Bazzeo by NYLOFT. The company, which is based in North Bergen, N.J., uses recycled wood and other eco-friendly materials for its cabinetry.