News
Sugar House Awaits $400M Revival on Streetcar Route
By Alex Girda, Associate Editor The Sugar House district is among the sections of Salt Lake City that has been affected most severely by the economic downturn. But thanks to the recent resurgence of investment in development, Sugar House could be on the verge of getting a new lease on life. A report from the […]
Another New Apartment Community for Miami
Miami-based Adler Group and Atlanta-based ECI Group have unveiled plans for two new 20-story apartment towers overlooking Biscayne Bay on a 2.84-acre site at 7950 NE Bayshore Court.
Two Georgia Seniors Communities Earn Green Certification
NorSouth Development, an Atlanta-based real estate company that focuses on environmentally sound seniors communities, has recently received EarthCraft Multifamily certification for two of its affordable communities.
TODAY'S DEALS: KeyBank Provides $95M Fannie Mae Loan to ForestCity Enterprises
KeyBank refinances a 549-unit property in Maryland; Quadrangle, The Wilkes Co. break ground on a mixed-use project in D.C.; and SBV Communities buys a 156-unit property in Austin.
City Fund Could Yield $50M Yearly for Affordable Housing
By Alex Girda, Associate Editor Mayor Edwin Lee recently announced that the San Francisco is taking steps to revitalize its affordable housing market. The proposed Housing Trust Fund will generate between $20 million and $50 million annually to jump-start development of affordable housing, the Huffington Post reports. The effort will help produce more than 9,000 […]
$32M Residential Project Breaks Ground in the Galindo Neighborhood
By Camelia Bulea, Associate Editor A new residential project recently broke ground at South Fifth and Cumberland streets and is expected to bring 119 condominiums, townhomes and flats to the area. According to The Austin-American Statesman, developing the project is a partnership that includes Terry Mitchell, president of Momark Development, along with Adam Nyer of […]
Sudberry Properties and AT&T Announce Complete FTTP Network at Civita
Sudberry Properties and AT&T recently announced a new agreement to offer AT&T U-verse® services to the Civita community residents.
Equity Residential Enters into Agreement with Owners of Archstone Equity Residential to Receive $150 Million
Equity Residential recently announced it has entered into an agreement with the owners of Archstone, which will result in the company receiving $150 million after exercising its option to purchase a 26.5 percent interest in Archstone and Lehman Brothers Holdings Inc.
Haunted L.A. Hospital to Get New Life as Affordable Housing
In a deal that might be called spook-tacular, a nearly 90-year-old one-time hospital, which some believe is haunted, will be converted into an affordable rental community for seniors.
Economy Watch: Case-Shiller Reports New Quarterly Lows
According to S&P Indices on Tuesday, the latest Case-Shiller Home Price Indices showed that all three headline composites ended the first quarter of 2012 at new post-housing crisis lows.