News
Economy Watch: Homebuilding Sees Healthy Uptick in February
The Federal Open Market Committee offered its thoughts about the U.S. economy once again on Wednesday, and came out more optimistic than it’s been in a few months.
SPECIAL REPORT: High-Speed Rail Around the World Provides Lessons for the U.S. (Part Three)
As the United States continues to take baby steps towards a national high-speed rail system, countries in Europe and Asia are forging ahead with ambitious modernization of infrastructure that could give them a palpable edge in this new age of global competition.
California Multifamily Developer Plans Project in Texas
AMCAL Multi-Housing has unveiled plans for AT Villages at Cypress, a 162-unit, mixed-income seniors housing property.
TODAY’S DEALS: Behringer Harvard, Legacy Partners Break Ground in Denver
Work begins on a luxury Denver asset; Transwestern brokers the sale of 1,476 units in two weeks; and Essex Realty brokers the sale of a new construction for $5.7 million.
Yardi to Moderate Energy Management Panel at 2013 NAA Green Conference
Yardi announced its participation in a session at the 2013 NAA Green Conference taking place in April that will illustrate how effective energy management can add value for property managers, investors and residents in the multifamily industry.
MHN Interview: Multifamily Lending in 2013
What does 2013 hold for multifamily lending? MHN talks to Stephen Rosenberg, CEO, Greystone, about what he expects to see with lending and securitization, and how he thinks the sequester will affect the industry.
Penthouse Model Opens in Chicago’s West Town
Wicker West 1555, a nine-unit mixed-use condominium development at North and Talman Ave. in Chicago’s West Town, is offering a contemporary, professionally furnished and decorated new duplex penthouse model.
New Yardi Data Center in Sydney Expands Yardi Cloud Services in Australia and New Zealand
Yardi Systems, one of the leading developers of real estate software for investment, asset and property management, has announced the opening of a new data center in Sydney as the company continues to see rapid adoption of the Yardi Voyager™ platform in Australia and New Zealand.
TODAY’S DEALS: PRG Sells 292-Unit Asset in Raleigh
PRG Real Estate Management sells a 292-unit asset for $20 million; Berkadia arranges an $8.8 million bridge loan for a condo acquisition in San Jose; and ARA represents REIT in the sale of a fully stabilized asset in Florida.
Ground Broken for Long Beach Affordable Housing
Affordable housing specialist Palm Communities and the nonprofit Western Community Housing have broken ground on Ramona Park Senior Apartments in Long Beach.