News
Oakwood Worldwide Acquires ExecuStay Corporate Housing Brand
Marriott International is selling its ExecuStay corporate and temporary apartment housing business to Oakwood Worldwide, the two companies announced in mid-April.
Economy Watch: Public Spending Contraction Dents GDP
Overall growth for the U.S. economy was middling during the first quarter, with expansion coming in at a 2.2 percent annualized rate, according to the Bureau of Economic Analysis.
Impakt Development Nears Completion on School Conversion
by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the first units would be turned […]
TODAY'S DEALS: Carroll Organization Grabs Luxury Houston Asset
The Carroll Organization buys a 267-unit community just north of Houston; Canadian Apartment Properties REIT enters a $455 million acquisition agreement; and Walker & Dunlop closes a $6 million Fannie Mae financing.
SoCal Apartment Project Gets $26M in Funding From Canyon-Johnson
GLJ Partners has obtained $26 million in joint venture equity from the Canyon-Johnson Urban Fund for the acquisition of a 15-acre development site.
Economy Watch: Pending Homes Sales Spike
Pending home sales were up more than expected in March, according to the National Association of Realtors.
Durbin Amendment Reduces Debit Fees
Payment processing has come a long way, but more changes are needed.
$21.6M Loan Closed for Charlotte Acquisition
Grandbridge Real Estate Capital has originated and closed a $21.6 million first mortgage loan secured by Morrison at SouthPark.
SPECIAL REPORT: AIM on the Mobile User Experience
At the 2012 AIM conference, Steve Taraborelli, VP of UDR, discussed the importance of making multifamily mobile sites accessible for users.
TODAY'S DEALS: Berkadia Lands $37M Refinance for Illinois Community
Berkadia provides a $37 million refinancing for a property in Illinois; SBV Communities completes its third acquisition in 2012 with the purchase of a 206-unit community; and Cassidy Turley BRE Commercial negotiates a $6 million sale.