News
Related Cos. Kicks Off Condo Sales at NYC Multifamily Tower
Related Sales, a division of Related Cos., has started offering the condo units at One Madison, a 53-unit tower overlooking Madison Square Park in Manhattan. At 60 stories, the slender glass tower offers views of the city and its surrounding waterways.
Builder Confidence Unchanged in September, According to NAHB
Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Related Companies Reopens Affordable Housing Development in Chicago
After approximately $100 million in renovations, Related Companies has reopened Parkway Gardens Apartments, a 694-unit affordable housing development serving 2,400 residents in Chicago’s Southside.
Economy Watch: Residential Prices Continue Climbing
Another indication that the housing recovery still has some legs: FNC reported that its Residential Price Index, which tracks the 100 largest U.S. metro areas, was up 0.7 percent in July compared with June.
Duravit Announces Designer Dream Bath Competition
Duravit launched its first ever North American design competition: the Duravit Designer Dream Bath Competition.
Landmark Apartment Trust of America Buys Two Southern Apartment Properties for $37M
Landmark Apartment Trust of America, a REIT that owns about 16,000 units in various Southern metro areas, has acquired two multifamily properties in two separate deals for a total price of $37 million.
TODAY’S DEALS: ARA Brokers 583-Unit Sale in Northwest Austin
A Canadian investment firm buys into Austin, Texas; Civitas Capital closes $53.5 million for a joint venture development in Dallas; and Bessen & Assoc. announces a sale near Natural History Museum for a historic price at 3.3 percent cap rate.
Canyon Multifamily Impact Fund Acquires its First Community
Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.
IREM and the University of Nebraska Partner to Advance Real Estate Management Education and Careers
The Institute of Real Estate Management (IREM®) and the University of Nebraska – Omaha (UNO), have signed a Memorandum of Understanding.
Campus Advantage Acquires Northgate Lakes at UCF
Student housing company Campus Advantage has acquired Northgate Lakes, which serves the University of Central Florida.