News
Downtown Multifamily Community to be Developed in Austin
Forestar Group Inc. announced last week it has partnered with Canyon-Johnson Urban Funds to develop Eleven, a new downtown multifamily community at the southeast corner of East 11th Street and I-35 in Austin, Texas.
Timothy J. Mayopoulos Appointed CEO of Fannie Mae
Fannie Mae announced that its board of directors has appointed Timothy J. Mayopoulos as president and chief executive officer and a member of the board.
Economy Watch: CoreLogic Says Home Prices Inching Up
CoreLogic reported that U.S. home prices–including distressed sales–increased by 1.1 percent on a year-over-year basis in April.
TODAY'S DEALS: KBS Lands a Chicagoland Community
KBS Legacy Partners acquires a 256-unit asset in Lombard, Ill.; and R4 Capital Closes the first $80 million of a $100 million LIHTC fund.
Steam Dishwasher from LG Eliminates the Dreaded Pre-Wash
The latest steam dishwasher from LG with TrueSteam™ technology is touted to virtually end the need to pre-wash. It also integrates with a smart phone app to either diagnose minor problems or call customer care if a repair is needed.
SBV Buys 156-Unit Multifamily Complex in Austin
SBV Communities has purchased the Summer Wind Apartments in Austin, Texas. The 156-unit complex, located at 833 Fairfield Drive, is SBV’s ninth multifamily purchase in the state of Texas, but only the first in the Austin market.
Home Properties Buys Two Virginia Apartment Properties
Home Properties Inc. has closed on two multifamily acquisitions in Virginia, one in Leesburg and the other in Centreville. The REIT paid $16.2 million and $96 million for the properties, respectively.
Economy Watch: A Long, Hot Summer for the Euro Zone
It’s going to be a busy month in the euro-zone, one way or another.
Condo Finds Success By Appealing to Adults and Their Children
The Corcoran Sunshine Marketing Group recently announced sales over $59 million at 515 East 72, a luxury condo building on the Upper East Side.
Wood Partners Taps Tony D’Alto to Head Property Management Group Wood
Wood Partners, a multifamily developer, announced today that it has named Tony D’Alto senior vice president of its Wood Residential Services (WRS) property management division.