News
Strong Site-level Teams Ensure a Better Investment
The June issue of MHN Magazine focuses on operations
Hanover Pacific Breaks Ground on Mixed-Use Student Housing Community
Hanover Pacific has broken ground on a mixed-use, 173,000-square foot graduate student housing community near Western University of Health Sciences, a private, non-profit graduate school for health professionals in Pomona, Calif.
TODAY’S DEALS: MAA and Colonial Properties Trust to Merge
MAA & Colonial Properties to merge in an 85,000-unit REIT; Post Properties closes on a $48.6 million buy in Orlando, Fla.; and Meridian Capital negotiates financing for mixed-use and multifamily properties in New York.
Meta Housing Corporation Completes Hollywood TOD
The Metro @ Hollywood, a $43.8 million transit-oriented mixed-use development featuring 120 affordable senior apartments and 5,500 square feet of ground floor retail, is now complete. Meta Housing Corporation is the developer of the property.
Economy Watch: Income Drops Slightly in April
The Bureau of Economic Analysis reported that personal income was down $5.6 billion, or a bit less than 0.1 percent, in April.
Joint Venture Breaks Ground on Affordable Community for Those with Developmental Disabilities
New York State Homes & Community Renewal, the New York State Office for People with Developmental Disabilities, Occupations Inc. and Warwick Properties Inc. announced the groundbreaking of an affordable community in Middletown, N.Y.
Architect Selected for Next Phase of Walkable Development
Cagan Management Group has awarded the design contract of the second phase of the Glen at Cagan Crossings to Forum Architecture & Interior Design, an Altamonte Springs, Fla.-based firm. Construction of the project is slated to begin in the fall.
TODAY’S DEALS: Milestone Acquires 346-Unit Apartment in Atlanta
Milestone Apartments REIT invests $46 million in Atlanta; Marcus & Millichap secures a buyer for a Saint Paul community; and Gebroe-Hammer completes Pennsylvania multifamily sales totaling $4.94 million.
Brazilian Residential Market to Get Major Boost as Joint Venture Announces 2,400 Affordable Homes
A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil’s housing market.