News
Waterton Associates Buys North Miami Property, Plans Renovation
Watermarke at Biscayne Apartments, a 402-unit North Miami, Fla., apartment community, has been acquired in an off-market transaction by Chicago’s Waterton Associates, which plans a major refurbishment of the rental property.
Economy Watch: CPI Drops for First Time in Six Months
The Bureau of Labor Statistics reported on Friday that the U.S. Consumer Price Index declined 0.3 percent in November compared with October, the first time since May that the all-price index has edged down.
California Mixed-Use Property Wins LEED Gold
The Alhambra, a 45-acre mixed-use property in Alhambra, Calif., has won LEED gold certification.
TODAY’S DEALS: AFL-CIO Invests $33.5M in Boston Public Housing Redevelopment
HIT provides $33.5 million for a public housing rehab; Mesa West Capital funds a $32.3 million loan in two weeks; and Walker & Dunlop places $19.8M for a pair of LIHTC assets in Virginia.
Brandywine Homes Announces First Multifamily Development
Brandywine Homes, a residential developer based in Irvine, Calif., announced its plans for its first multifamily development, the first of four apartment communities.
MBA Publishes White Paper on the Future of Multi-Housing Finance and the Government-Sponsored Enterprises
The Mortgage Bankers Association (MBA) released a white paper that underscores the importance of multifamily rental housing and examines the role of the Government Sponsored Enterprises in multifamily housing finance going forward.
Investment Sales Leaders William Collins, Paul Collins Promoted to Vice Chairmen of Cassidy Turley
Cassidy Turley, a commercial real estate services provider, has promoted William Collins and Paul Collins, leaders of the Washington, D.C., Capital Markets team, to vice chairmen, and also promoted Washington, D.C., Capital Markets executives Drew Flood, James Cassidy and Jud Ryan to executive managing director.
Sofitel Luxury Hotels to Open New Property in Bali Next Year
Sofitel Luxury Hotels continues to expand across Southeast Asia with the addition of a new property in Bali, one of the world’s most popular holiday destinations.
Indian Residential Market Made Shinier with Swarovski Partnership
Gateway Towers I is the latest Indian property to try and dazzle luxury seekers. In attempting to do so, the luxurious residential development has associated itself with bedazzling giant Swarovski.
Historic Los Angeles YMCA Reborn as 28th Street Apartments
The 28th Street YMCA in South Los Angeles, a landmark building designed by trailblazing African-American architect Paul Williams, has been given a $21 million restoration and repurposing as the 28th Street Apartments.