News
Lower Operating Costs Mean New-Home Buyers Can Afford More House
During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction.
Consumer Capital Partners to Invest in Apartments Nationwide
When people think of Smashburger, most think of the nation’s fastest growing better burger chain. But Smashburger’s owner, Consumer Capital Partners, is looking beyond burgers to the multifamily industry.
Economy Watch: State Unemployment Declining
The Bureau of Labor Statistics reported on Friday that in February, month-over-month, 22 states had unemployment rate decreases, 12 states experienced increases and 16 states and the District of Columbia saw no change.
NorSouth Constructs Opens New Office in Metro Atlanta
NorSouth Constructs, a construction firm that specializes in building mixed-use, senior and multi-family communities, has opened a new office at 3295 River Exchange in Norcross, Ga.
TODAY’S DEALS: Walker & Dunlop Provides $27.4M for Military Communities in Washington
Walker & Dunlop provides $27.4 million to three assets near Joint Base Lewis McChord; Holliday Fenoglio Fowler closes a $19 million apartment sale in N.J.; and Marcus & Millichap Capital Corp. arranges a $5.5 million refinance for a Class C property at 75 percent LTV ratio.
RCD Breaks Ground on Affordable Seniors Community
Developer Resources for Community Development of Berkeley, Calif., and architect KTGY Group have broken ground on an affordable seniors community in Contra Costa County, Calif. The community, called Berrellesa Palms, will provide housing for seniors with chronic medical conditions.
‘What Renters Want’ with Jessica Fiur: Six Prospective Renter ‘Tells’
Potential renters often give off clues as to whether they’re interested in an apartment or not, and this knowledge could be helpful for leasing agents. Here are some of those ‘tells.’
Developer Plans Micro-Lofts in Downtown L.A.
In an off-market deal, real estate investment group TRG has acquired a 100-year-old apartment building near the planned Farmers’ Field in Downtown Los Angeles for $3.05 million. The company plans to redevelop the property as micro-loft units.
Moore Design Group to Partner in Dallas-Area Developments
Interior design firm Moore Design Group will partner with Dallas-based real estate company Alamo Manhattan Inc. in the development of two urban multifamily developments in the uptown and downtown areas of Dallas.
DAMAC Properties Launches Sea-Front Hospitality Project in Dubai Maritime City
Damac Properties, the largest luxury private developer in the Middle East, is planning to build a new luxury tower of serviced hotel residences in Dubai Maritime City.