News
TODAY'S DEALS: AIMCO Completes 192-Unit Sale
AIMCO buys a 192-unit asset in Florida; Arbor closes six DUS deals totalling $33.5 million; and CB Richard Ellis — N.E. Partners LP completes the sale of a $10 million asset in Allston, Mass.
PROFILE: Conix Inc.
In its search for distressed properties, Conix Inc. may have a special tool that may not be at the disposal of many other market players.
Economy Watch: Demand for Prime Mortgages Up
The Federal Reserve released its July “Senior Loan Officer Opinion Survey on Bank Lending Practices” on Monday, offering the conclusion that “modest fractions of domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months.”
John Harrison Appointed REISA Executive Director/CEO
Harrison will head up the association’s office in Indianapolis, reporting to the elected board of directors which is comprised of 13 leading industry professionals
TODAY'S DEALS: EdR Completes Mezz Loan, Enters Option to Purchase Penn State Asset
EdR invests in a Penn State development; HFF provides financing for three Texas assets; and Boston Capital invests in two affordable developments.
Bulverde Oaks Luxury Complex Breaks Ground in North San Antonio
By Camelia Bulea, Associate Editor Teeple Partners Inc. announced the groundbreaking of a new luxury complex, called Bulverde Oaks, in North San Antonio. The developer will build a 328-unit apartment complex with amenities include private attached garages, granite countertops in kitchens and bathrooms and wood-style plank flooring. The complex will have a mix of one-, […]
Ground Broken on Texas Luxury Community for Seniors
SRP Medical announced it has broken ground on Magnolia Heights, a luxury community for seniors in Spring, Texas. It will be the first new senior living community that provides assisted living and memory care residences in the area in over 10 years.
Twin City Multifamily on a Roll
Apartment rents in the Twin Cities have reached record highs, according to the latest report on the market by investment specialist Marcus & Millichap.
New Brunswick’s Gateway Transit Village Wins Smart Growth Award
A 2012 Smart Growth Award from New Jersey Future has been captured by Gateway Transit Village, a new mixed-use development next to the N.J. Transit train station in downtown New Brunswick, N.J.
California Struggles with $1.7 Billion Loss in Redevelopment Funding
While this event may have been a blip on the screens of national developers, caution is in order for the multi-housing industry as a whole. Redevelopment agencies have been abolished in California, and it’s not a trend developers would like to see spread to the other 48 states.