News
Enterprise Community Investment and Bellwether Real Estate Capital Announce Merger
Enterprise Community Investment Inc. and Bellwether Real Estate Capital announced a merger between Enterprise’s Multifamily Mortgage Finance business and Bellwether.
Claremont's Courier Place a Multi-generational Trailblazer
With its recent grand opening, the 74-unit Courier Place Apartment Homes became the first-ever multi-generational affordable housing to be developed by Jamboree Housing Corporation.
Economy Watch: Housing Starts Edge Down, Permits Edge Up
The residential market continued to be the main domestic economic story on Tuesday, with the Census Bureau and HUD reporting that housing starts in February were at an annualized rate of 698,000 units, a dip of 1.1 percent from January.
South Side Condo Project Defies Odds
It’s been a tough few years recently for condo projects in Chicago, so tough that most of them either haven’t gotten out of the ground or have been reinvented in the more glamorous end of multifamily, as rental apartments.
TODAY'S DEALS: AvalonBay Buys N.J. Asset for $63M
AvalonBay buys a 334-unit community in central New Jersey; ARA brokers the sale of a site approved for a seniors housing development in Denver; and Meridian Capital negotiates financings in the New York metro area.
Greystar and PREI Acquire 1.58 Acres for Multifamily Community
Greystar and Prudential Real Estate Investors recently formed a joint venture. The companies closed on 1.58 acres of land in Tysons Corner, Va.
New Housing Stock and Retail Space Set to Revitalize Downtown Yonkers
L+M Development Partners has teamed with the Yonkers Industrial Development Agency on the construction of Warburton Lofts, a historic restoration of loft-style rental apartments and retail space located at 44-50 and 54 Warburton Avenue.
Save the Date: USC Lusk Center for Real Estate Presents Casden Multifamily Forecast
The USC Lusk Center for Real Estate presents the Casden Multifamily Forecast. As more and more homeowners become renters, the forecast looks at how shifting housing demands will impact multifamily development and investment in Los Angeles, Orange and San Diego counties and the Inland Empire.
Leading Architect Joins Humphreys & Partners as Regional Director in Northwest, West
Humphreys & Partners Architects LP has added a leading Seattle architect as regional director to oversee its operations and business expansion throughout the Northwest and Western United States, where the firm is experiencing a rapid uptick in its development pipeline.
TODAY'S DEALS: Bascom Continues Denver Acquisition Spree
The Bascom Group buys a 492-unit asset in Denver; Centerline Capital Group provides an $11.4 million refinancing for a property near St. Louis; and Eastern Consolidated is picked to market a possible redevelopment in Manhattan’s Upper East Side.