News
Plans Announced for Student Housing at Georgia Tech
Planning is underway on the latest University House property, this one to be built near the campus of the Georgia Institute of Technology, better known as Georgia Tech, in Atlanta.
Economy Watch: Gas Prices Spike
Mortgages weren’t the only thing seeing an increase in price recently. An arguably more visceral increase has struck the U.S. economy—and with it, consumer’s propensity to spend money to support growth—a rise in the price of gas.
Brooklyn Apartments Sell for $28M
Silverstone Property Group and Adam America Real Estate Group have sold 65-69 North 6th St. in the Williamsburg neighborhood of Brooklyn. The property fetched $28.75 million from an unspecified buyer, according to the sellers.
Vitus Group Plans $8M Renovation on Calif. Affordable Community
Vitus Group announced that it has acquired the St. John’s Apartments, a 158-unit affordable housing community in Richmond, Calif. The company plans to spend $8 million on renovations to modernize the community.
Springs of Corpus Christi Slated for Fall 2014 Completion
Construction on the Springs of Corpus Christi, a 284-unit town home style luxury apartment community in Corpus Christi, Texas, has been awarded to McShane Construction Company by developer Continental Properties Company Inc.
TODAY’S DEALS: JV Sells Brooklyn Mixed-Use Asset for $28.8M
Silverstone Property Group and Adam America sell a property is Williamsburg; and Greystone provides $8.5 million in HUD financing for an Illinois property.
VantageScore Credit Scoring Model Adds to Flexibility of Yardi Resident Screening
Yardi announced today that its proven rules-based resident screening solution, Yardi Resident Screening , now includes VantageScore credit scores, an advanced numerical scoring option from Experian for clients who prefer three-digit credit scores to help qualify applicants.
$708M Investment Bring British Land Majority of Paddington Central
European real estate investment trust British Land has announced investing approximately $708 million (£470 million) to buy into Paddington Central, an office-anchored 1.2 million square-foot mixed-use development in London’s West End.
Starwood Hotels & Resorts Expands Turkish Portfolio with Addition of Two New Properties in Bursa
Starwood Hotels & Resorts Worldwide Inc. has recently announced the expansion of their presence in Turkey with the opening of two new properties: Sheraton Bursa Hotel and Aloft Bursa Hotel.