News
TODAY'S DEALS: Health Care REIT, Chartwell Complete $936.5M Purchase in Canada
Heath Care REIT and Chartwell Seniors Housing acquire 42 assets in Canada; Beech Street provides $16.3 million for a 296-unit asset in Florida; and Walker & Dunlop supplies a $15.9 million Freddie Mac CME loan to HAP property.
Pullman Wheelworks Wins Financing for Rehab
Mercy Housing Lakefront and National Housing Trust/Enterprise Preservation Corp. have obtained financing for the rehabilitation of the Pullman Wheelworks, a 210-unit affordable housing apartment building on Chicago’s south side.
Old Mervyns’ Site in Hayward Eyed for Multi-Family Project
By Alex Girda, Associate Editor A long-vacant department store in Hayward is on the radar of a developer that wants to transform its site into an upscale residential property, but the plan could be in for some choppy sailing. Closed since 2008, the 335,000-square-foot Mervyns on Foothill Blvd. would be demolished to make way for […]
What's Your Apartment Breaking Point?
Is there a seemingly small thing, which really isn’t a big deal in the scheme of things, that makes you seriously reconsider apartment living?
Solomon Purchases Two Rental Properties with Much in Common
Solomon Organization recently purchased two luxury rental communities, one in Lancaster, Pa., and the other in Pleasant Valley, N.Y., and will immediately begin to upgrade the communities’ apartments, landscaping and common areas.
Economy Watch: Foreclosures Up Slightly
CoreLogic reported that the number of residential foreclosures nationwide edged up in March to 69,000, from the February total of 66,000.
TODAY'S DEALS: EBSCO Buys 240-Unit Asset in Georgia
EBSCO Income Properties buys a Georgia apartment community for $17.3 million; Newmark Grubb Knight Frank arranges for the sale and purchase of two bank-owned properties; and ARA announces the sale of a 1939 property in Miami’s South Beach.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
New Community Design Evokes Resort Feel
NMS, a Los Angeles-based development company, has started construction on a $50 million multifamily community at La Cienega Boulevard in Beverly Hills, Calif.
Tile Redi Introduces Redi Trench, Wins Best of Bath Award
Tile Redi introduces a neat add-on to their industry approved shower pan. The Redi Trench offers an attractive drainage solution for builders looking to create a luxury shower with the leak-proof benefits of a shower pan.