News
TODAY’S DEALS: Pollack Shores Completes $23.6M Purchase in Orlando
Pollack Shores buys a 396-unit asset; Passco Companies acquires a property in Alabama; and Centerline Capital closes $46.7 million in loans for one borrower simultaneously.
All-Glass Luxury L.A. High-Rise to Break Ground in September
A 22-story, 290-unit apartment community will break ground in September in the South Park district of Los Angeles.
Wood Partners Restarts 290-Unit High-Rise in Downtown L.A.
By Alex Girda, Associate Editor
Low construction costs and growing demand in all housing segments are helping multi-family projects in Los Angeles escape from development limbo. Among the latest is a 290-unit Downtown high-rise planned by Wood Partners and stalled since […]
Economy Watch: Weekly Unemployment Claims Surprise on Low Side
The U.S. Department of Labor reported a surprisingly large drop in the number of initial unemployment claims on Thursday.
Tallest Building in Europe Officially Inaugurated
The Shard, standing at 310 meters (1,016 feet), is officially the tallest building in Europe.
IREM’s Income/Expense Analysis® Data Integrated with ARGUS Solutions
ARGUS Software and the Institute of Real Estate Management (IREM) announced the availability in summary form of IREM’s Income/Expense Analysis® market within ARGUS®, Valuation DCF and ARGUS®, Enterprise.
Trigild’s Liquidation Plan for SCI’s $1.6B Investment Portfolio
Trigild’s CEO has been appointed liquidating trustee over the bankruptcy of Secured California Investments Inc. and SCI Real Estate Investments LLC.
TODAY’S DEALS: HFF Closes Sale of $130M Loan
HFF sells a loan secured by a Charlotte asset; MG Properties buys two California communities; and The Community Development Trust and LINC Housing Corp. form a joint venture to purchase a 60-unit asset in California.
Austin Property Wins NAA Community of the Year Designation
The National Apartment Association tapped Gables Park Plaza in Austin as its Paragon Community of the Year at the NAA Education Conference & Exposition in Boston.
Sterling Group Executive Honored for Commitment to Affordable Housing
The National Association of Home Builders (NAHB) named Lance Swank, president of the Sterling Group, the 2012 recipient of the Daniel M. Grady Memorial Award in recognition of his leadership within the association and his commitment to affordable housing.