News
Economy Watch: Homebuilder Confidence Slips
As the U.S. residential market improved throughout 2012, homebuilders grew more optimistic month by month, but now the trend has gone in reverse.
Student-Managed Fund Invests in Buckhead Multifamily Property
A group of investors has co-invested in Brookhaven, a 17-story multifamily community in the Buckhead neighborhood of Atlanta.
Behringer Harvard Invests in 220-Unit Community in Texas
Behringer Harvard Multifamily REIT I Inc. announced that it will provide equity capital for the construction of a multifamily community in Austin, Texas.
TODAY’S DEALS: RHP Properties Buys $865M in Manufactured Housing
RHP Properties becomes the nation’s largest private manufactured housing owner; and ARA sells a 250-unit community in Houston.
Arbor Expands CMBS Lending Platform with Appointment of Three Industry Veterans
Arbor Commercial Mortgage announced the second phase expansion and development of its CMBS and Syndication platform with the addition of three industry veterans.
Progression Place Multifamily and Retail Slated for July Completion
Progression Place, a mixed-use development featuring luxury multifamily residences and extensive retail components, is on track for a July completion.
Economy Watch: Retail Sales Off in March
Consumers pulled back their spending in March, according to the Census Bureau, with total U.S. retail sales down 0.4 percent month-over-month.
Martin Fein Interests Ltd. has Three Rental Properties Under Way on One Site
Work is under way simultaneously on three interrelated multifamily projects on about 10 acres in Houston.
TODAY’S DEALS: Seattle Apartment Property Sells at Record $518 Per Square Foot
The $14.65 million sales price of Elliott Bayview equates to $357,317 per unit; and a top FHA lender Greystone originates four HUD loans for more than $43 million.
Special Report: Fair Housing Changes
In a recent webinar called “Fair Housing: What’s New for 2012,” speaker Nadeen Green, senior counsel, For Rent Media Solutions, provided an overview on some of the new Fair Housing requirements that property managers should be aware of.