News
AHC Partners with City of Alexandria on New Affordable Housing Project
The City of Alexandria approved $250,000 in pre-development funds to move forward with AHC on building a 77-unit affordable apartment complex at the intersection of East Reed Avenue and Jefferson Davis Highway (Route 1).
Mortgage Refinance Applications Highest Since 2009 as Rates Reach Record Lows in Latest MBA Weekly Survey
Mortgage applications increased 16.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 28, 2012.
Walker & Dunlop Hires Senior Vice President
Walker & Dunlop Inc. announced today that John Pantone has joined the company as senior vice president in the Capital Markets department.
Salmanson Capital Acquires Student Housing Portfolio
Salmanson Capital has acquired a portfolio of off-campus student housing adjacent to Bethlehem’s Lehigh University for $15.23 million.
TODAY’S DEALS: Archstone Buys Marina del Rey Apts for $44M
Archstone buys a 205-unit asset in SoCal; Multi-Employer Property Trust lands a Dallas tower; and Pure Multi-Family REIT announces plans for a $52.5 million buy in Dallas-Fort Worth.
Economy Watch: Home Prices Jump, Says CoreLogic
Home prices nationwide, including distressed sales, increased year-over-year by 4.6 percent in August compared to August 2011, according to CoreLogic.
Sterling Construction in Joint Venture for New Development in North Dakota
Because of a local oil boom of the Bakken Shale Formation, Dickinson, N.D., has become a booming residential area. And that is why Sterling Construction, part of The Sterling Group, feels it is the ideal location for its new $32.3 million community.
TODAY’S DEALS: Lyon Breaks Ground on 366-unit Asset
Lyon Communities begins a Silicon Valley development; San Antonio Commercial Advisors arranges a 288-unit sale; and HFF secures $19.5 million in financing for student housing.
Crossville Unveils New Thin-Panel Porcelain Surface
Laminam by Crossville has released a new metallic-look porcelain panel product ideal for skinning walls, doors, countertops and custom appliances.
Will the LIHTC Be Abolished?
The very existence of LIHTC appears to be at risk. How likely will the housing program survive tax reform and budgetary pressures?