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Steadfast Income REIT Acquires $12.75M Historic Community
Steadfast Income REIT Inc. announced it has acquired a historic loft conversion in Kansas City, Mo., for $12.75 million.
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.”