News
Suburban D.C. Apartments Slated for $8M Renovation
Work has started on an $8 million renovation of the Overlook Apartments in Hyattsville, Md.
Hutton Companies Begins Construction on $43M Mixed-Use Community
Hutton Companies has started construction on La Verne Village in La Verne, Calif. The community is a $43 million, 172-unit mixed-use development located in the San Gabriel Valley on Historic Route 66 and will be designed by KTGY Group Inc. Architecture + Planning,
MHN Interview: SyndicIT Services’ Lauryn Schimmel
SyndicIT Services Managing Director Lauryn Schimmel shares digital document management insights with MHN.
L+M founders to be honored by Greyston Foundation
Sandy Loewentheil and Ron Moelis, co-founders of L+M Development Partners (L+M), will be honored by The Greyston Foundation, a pioneer in social enterprise that creates jobs and provides integrated programs that move individuals toward self-sufficiency, at its 2013 Annual Benefit on May 22.
TODAY’S DEALS: Centerline Provides $66.2M for Three Pennsylvania Assets
Centerline refinances three assets; and Harbor Group International buys a 256-unit apartment community in Virginia Beach.
Recent Slowdown in Economic Growth Likely Short-Lived
The year’s strong start faded late in the first quarter across many key economic indicators, but the recent set-back likely is a temporary one, according to Fannie Mae’s Economic & Strategic Research Group
Economy Watch: Unemployment Inches Down in Most States
The Bureau of Labor Statistics reported that the unemployment rate in 40 states and the District of Columbia dropped, while three states experienced increases and seven states had no change in April compared with March.
Manhattan Condo Property Sees Rapid Sales
In another example of the revived heat of New York’s condo market, the developers of Citizen, a new condo property in Manhattan, report that about 85 percent of its units have been sold in roughly eight months of active marketing.
TODAY’S DEALS: Elco Landmark Apartment Trust Acquires Six Assets
Elco Landmark Apartment Trust completes a series of acquisitions in Texas and North Carolina; and Johnson Capital arranges $18.64 million in joint venture equity financing for two new construction projects.
Proffitt Dixon Partners Acquires Site for $40M Multifamily Community
Proffitt Dixon Partners has acquired the site for a $40 million multifamily property called Fountains Uptown, located in Charlotte, N.C.