News
TODAY'S DEALS: PCCP Provides $30M for Delaware Recap
PCCP provides $30 million for the recapitalization of a 214-unit asset; Fountain Residential breaks ground near Texas Christian University; and NorthMarq Capital arranges a $25.39 million Freddie Mac mortgage.
MAA Acquires 394-Unit Community
MAA announced that is has acquired Retreat at Lake Nona, a community in Orlando, Fla.
Houston Apartment Award Presented for Just Fourth Time in 52 Years
For only the fourth time in the 52 year history of the Houston Apartment Association (HAA), the organization will present its Lifetime Achievement Award to a supplier of the multifamily industry
Miracle Mile Development Breaks Ground Under Favorable Circumstances
By Alex Girda, Associate Editor
BRE Properties recently broke ground on an 800,000-square foot mixed-use development at the corner of Wilshire Boulevard and La Brea Avenue. The $105 million project is situated just at the edge of the coveted Miracle Mile […]
Lackluster Consumer Spending Presages Continued Moderate Economic Growth Outlook Remains Positive for Gradual Housing Recovery
Economic activity slowed during the first half of 2012, fueled by a decline in the pace of consumer spending amid a sluggish labor market. Inflation-adjusted consumer spending growth dropped nearly a percentage point during the second quarter to a one-year low of 1.5 percent, as spending fell in June for the first time since last August.
Nonprofits Acquire LA Affordable TOD Property
Nonprofit affordable housing developer Abode Communities and Trust South LA, a community land trust, have acquired Rolland Curtis Gardens on West 38th Street in Los Angeles.
Acoustic Ceiling Panels Enhance Your Amenity Package
While sound proofing is a definite must inside units, there are certain applications where it makes sense to provide an environment with enhanced acoustics. Media rooms, business centers, lobbies and clubhouses can all benefit from better environmental acoustics, and CertainTeed has just what you need.
AMCAL to Develop Two L.A. Affordable Housing Communities with Help from TCAC Funds
AMCAL Multi-Housing is building two new apartment developments in the Los Angeles area with funding assistance from the California Tax Credit Allocation Committee.
Economy Watch: Hindsight on the Housing Bubble From the Fed
The “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy,” which was released by the Federal Reserve on Monday, posits that the best way to prevent future housing bubbles would be to require lenders to be tougher in enforcing loan-to-income ratios for borrower.
Developers Break Ground on 323-Unit The Residences at La Cantera
By Camelia Bulea, Associate Editor USAA Real Estate Co. and Cambridge Development Group are set to break ground on a new Class A apartment complex to be called The Residences at La Cantera. The high-end, urban-style project will feature 323 units and 4,000 square feet of retail space, according to a USAA press release. The […]