News
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?
Affordable Housing Community to be First New Construction of Apartments in Ewing Township in 40 Years
The Gardens at Birmingham, a planned 48-unit affordable housing community in Ewing Township, N.J., was awarded Federal Low Income Housing Tax Credits by the New Jersey Housing & Mortgage Finance Agency.
Berkeley Point Capital Hires Damon Khouri as its Chief Information and Technology Officer
Damon Khouri recently joined Berkeley Point Capital LLC as its chief information and technology officer.
Passco Adds Another Senior Executive to Management Team
assco Companies LLC announced today that Darryll Goodman, a 25 year real estate industry veteran, has joined the company as vice president.