News
Business Plan
Steadfast Income REIT’s president Ella Shaw Neyland shares market insights.
Editor’s Note: How Sandy Changed Everything
What new ideas do you think should emerge in the aftermath of Hurricane Sandy?
Apartments Planned for Suburban Augusta
Fickling & Co. is preparing to break ground on the Lullwater at Riverwood apartments in Evans, Ga. Construction will begin early next year on phase one, which will consist of 212 units; a planned second phase will bring that total to 350 units.
Brooklyn Skyscraper to be Completed Using Modular Construction
Skanska USA and Forest City Ratner Companies are breaking ground on B2, the first residential tower that is part of the Atlantic Yards Development in Brooklyn, N.Y.
TODAY’S DEALS: JV Lands Construction Financing for Virginia Project
A three-party joint venture lands financing for a Class A development in Virginia; Raintree Partners buys a California asset for $60 million; and GFI sells a Brooklyn multifamily property for 10 time the rent roll.
Joint Venture Plans Major Redevelopment Project in Toronto’s Downtown West
RioCan Real Estate Investment Trust, Allied Properties Real Estate Investment Trust and Diamond Corp. have entered into an agreement to purchase the Globe & Mail Lands in Toronto for $136 million.
Cardinal Group Purchases Texas Multifamily Community for $11M
Cardinal Group Investments has teamed with Fundamental Advisors on the $11 million acquisition of Century Square, an apartment community in the Hyde Park neighborhood of Austin, Texas, which was purchased from Roscoe Properties.
MARKET SNAPSHOT: Phoenix Jobs Market Bounces Back after Long Post-Recession Lull
After lagging behind the rest of the country in post-recession jobs recovery, the Valley of the Sun has seen considerable gains over the last few quarters.
Economy Watch: Fed Says Growth at “Measured Pace”
The Federal Reserve released the latest Beige Book and for the moment, the central bank isn’t characterizing the U.S. economic as experiencing “moderate” or “modest” growth.
CBRE Appoints Brian McAuliffe to Lead Firm’s Multi-Housing Investment Sales Practice
CBRE Group Inc. announced the appointment of Brian McAuliffe as senior managing director of CBRE’s Multi-Housing Group.