News
TODAY’S DEALS: Landmark Buys 795 Units
Landmark Apartment Trust acquires three communities; Beech Street closes a $5.7 million refi on a Chicago asset; and Johnson Capital arranges a $21.32 million loan for Seattle property.
Four Seasons Partners to Renovate Historic Buildings as a Luxury Mixed-Use Development
The Four Seasons has partnered with Grupo Villar Mir’s Inmobiliaria Espacio and Grupo OHL to develop the first Four Seasons hotel in Spain.
SPECIAL REPORT: Bill Linking TOD to Transit Operations Re-introduced in House (Part Two)
Seeing the expansion of rail networks as essential to accommodating future transportation needs, the bill proposes a unique solution to funding such infrastructure in an era of deficits and austerity—financially binding it to the communities and businesses it supports.
Fairfield Residential Acquires Garden Apartment Community In Southern Palm Beach County
Fairfield Residential, a San Diego-based apartment management company, has purchased Spring Harbor at the Landings, a 488-unit luxury garden apartment community located in Delray Beach, Fla., for $69.12 million from Dallas-based Invesco Real Estate.
Economy Watch: Fed Says Economic Still Expansion ‘Modest to Moderate’
The Federal Reserve released its latest Beige Book, which said that “economic activity generally expanded at a modest to moderate pace since the previous Beige Book,” but—and this is a fairly large but—”many Districts noted rising gasoline prices and fiscal policy as having a negative effect on consumer sales.”
The New School of Amenities
Amenities are everything when it comes to student housing. Market-rate should take note.
Ground Broken on Affordable Housing in Irvine
Affordable housing specialist Jamboree Housing Corp. has broken ground on the second phase of Doria Apartment Homes in Irvine, Calif.
Brookfield Breaks Ground on $4.5B Manhattan West
The first phase of Brookfield Office Properties’ newest and largest development in New York City kicked off with a groundbreaking event with Mayor Michael Bloomberg and other city and real estate officials.
Preliminary TIF Plan Moves Forward on Pittsburgh’s River
The Urban Redevelopment Authority has initiated a historic tax increment financing (TIF) process for the nearly $1 billion redevelopment of the former LTV Steel site along the Monongahela River in Hazelwood.