News
Champion Acquires 352-Unit M-F Complex in Hilliard for $10M
Champion, a privately-held, fully-integrated, multi-family investment firm based in Westerville, announced last week the acquisition of a 352-unit apartment complex in Hilliard. The transaction was closed on May 31.
Affirmed Housing Group Announces Grand Opening of San Diego Seniors Community
Affirmed Housing Group, a San Diego-based affordable housing developer, announced the grand opening of Solterra, an affordable community for seniors in El Cajon, Calif.
TODAY’S DEALS: NorthMarq Arranges a $20M New Construction Loan in Chicago
NorthMarq’s Chicago regional office arranged construction loan financing of $20 million for Webster Square; and Lucent Capital completes an $11.84 million permanent loan for the recapitalization of a building.
‘What Renters Want’ with Jessica Fiur: What to Do About Residents Who Break Up
Couples who rent together sometimes break up. How do you deal with this situation?
World’s Tallest Twisted Tower Unveiled in Dubai
Cayan Investment and Development has recently inaugurated the world’s tallest twisted building: Cayan Tower.
$40 Billion Transoceanic Canal Project Resurfaces in Nicaragua
An initiative for the construction of a new canal between the Pacific and the Caribbean is underway after a century of hibernation.
2013 Mid-Year Outlook: Economic Growth On the Road to “Normal”
The U.S. may be well into a prolonged period of steady economic growth, but it hasn’t yet reached its full potential, according to Fannie Mae’s Economic & Strategic Research Group.
Capital Square Realty Advisors Acquires Tallahassee Multifamily Community
Capital Square Realty Advisors LLC has acquired Ashford Club Apartments, a 102-unit multifamily community in Tallahassee, Fla., on behalf of an affiliated entity.
Economy Watch: Fewer Homes Underwater in First Quarter
CoreLogic reported that about 850,000 U.S. residential properties were no longer underwater as of the end of the first quarter of 2013 or, as the company put it, “returned to a state of positive equity.”
Detroit and Other Michigan Cities to Share $100 Million Demolition Grant
In an effort to solve the issue of blighted and dangerous properties across the state and reduce crime in neighborhoods, Gov. Rick Snyder last week announced that the U.S. Department of the Treasury granted $100 million under a pilot program that enables states to decide locally on actions that prevent foreclosures and support the housing recovery.