News
Lillian Kuo Joins Shea Properties as SVP of Asset Management
Veteran real estate executive Lillian Kuo has joined Shea Properties as senior vice president of asset management.
Seattle Apartments Open Half Leased
Jasper by Alta, a 91-unit apartment complex on 35th Ave. NE in Seattle, has opened after being under construction for a year. According to the developer, Wood Partners, the property opened more than half leased.
TODAY’S DEALS: 52-Story Condo Breaks Ground in San Fran
Principal, Urban Pacific begin a phase II condo project; Marcus & Millichap sells a 212-unit asset near Houston; and Walker & Dunlop closes on a $5.6 million loan.
Next Phase of Austin TOD Has Launched
Construction on Phase II of Midtown Commons, the Texas Capital’s first transit-oriented development, is underway.
Partners Buy New Dallas-Area Apartment Complex
The Praedium Group and Internacional Realty have joined forces to acquire the Residence at the Collection, a 312-unit multifamily property in metro Dallas, for an undisclosed price.
Economy Watch: Consumer Sentiment Takes a Dip
The preliminary Reuters/University of Michigan consumer sentiment index for July, which was reported on Friday, was down to 72.0 from the June reading of 73.2.
Multifamily Market Outlook: Slow but Continuing Growth for Multifamily
Amid a growing number of troubling macroeconomic reports, including two noticeably weak monthly employment reports, the slow—at times uneven—improvement for the housing and residential building sector remains as a positive factor for the nation’s economy.
Fannie Mae Supports the Multifamily Market with Robust Issuance in the Second Quarter of 2012
Fannie Mae recently announced that the company issued approximately $6.7 billion of multifamily MBS in the second quarter of 2012, backed by new multifamily loans delivered by our lenders.
Trammell Crow Residential (TCR) Merges with GLJ Partners
Trammell Crow Residential and GLJ Partners recently announced a merger of the two firms.
Housing Finance Reform Must Provide Reliable Credit to Home Buyers, NAHB Tells Congress
The National Association of Home Builders (NAHB) told Congress that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections.