News
TODAY’S DEALS: $45M Workforce Housing Community Opens in Florida
A 300-unit workforce housing project opens strong in Florida; HFF secures a $47.8 million three-year ARM through bank; and Newmark Grubb Knight Frank closes a $3.4 million bank-owned sale.
Look to Snaidero for Common Area Kitchens that ‘Wow’
Common area kitchens are becoming an increasingly important amenity, especially for the current generation of renters that seek to sometimes entertain in-house rather than out on the town. Snaidero has a kitchen for every type of building, and can create a product that is as unique as your property.
Chance Partners Teams with Carlyle Group on Mixed-Use Development at FSU
Chance Partners LLC and The Carlyle Group have begun construction on the Catalyst, a mixed-use development that sits a few blocks from Florida State University.
Balfour Beatty Communities Awarded DOE Grant for Residential Energy Savings Program
Balfour Beatty Communities LLC has been selected for a Smart Grid Data Access Award from the Department of Energy through its property management division, Balfour Beatty Military Housing Management LLC.
Economy Watch: Consumers Pull Out Plastic in June
The Federal Reserve reported that U.S. consumers borrowed more in June than they did in May.
Carl Marks Advisory Group Advises PJ Finance’s Unsecured Creditors Committee To Achieve “Par” Recovery
PJ Finance Company LLC, owner of 32 apartment complexes with nearly 10,000 units located in major metropolitan areas throughout the Sunbelt region, has successfully completed a Chapter 11 plan of reorganization.
Amenities Geared Towards Seniors Take Center Stage at New Affordable Community
Heritage Oaks Senior Apartments, an Oakdale, Calif.-based seniors community, recently opened for low income seniors age 55 and older.
TODAY’S DEALS: IPA Arranges $21.7M Connecticut Sale
IPA arranges a 188-unit sale; and Beech Street Capital closes a $25 million Fannie Mae loan for a Philadelphia community.
New York-Based Residential Real Estate Franchise Operation Heads into New Markets
Rapid Realty NYC is currently scouting out locations for new franchises in Boston, Philadelphia, Atlanta and Tampa, Fl., as well as other markets across the country.
Americans’ Optimism About the Economy and Personal Finances Stalling Despite Underlying Continued Confidence in the Housing Market
Housing market confidence among Americans continues to trend in a positive direction despite stalling optimism about the economy and personal finances, according to results from Fannie Mae’s June 2012 National Housing Survey.