News
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
Deutsche Asset & Wealth Management Forms Energy-Efficient Property Investment Team
Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.
Special Report: Should You Implement a Submetering System in Your Community?
In a recent webinar titled “Submetering to Increase Profits and Resident Satisfaction,” panelists provided best practice suggestions for implementing and maintaining water submetering systems in multifamily communities.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.
MassHousing Announces Five Appointments to Senior Management Positions
MassHousing Executive Director Thomas R. Gleason announced the appointments today of five individuals to senior management positions.
Reaching for The Cloud
Companies are adopting cloud computing for benefits that begin with hardware and software savings, and extend into areas like space utilization, redundancy and security.