News
Renters Pose Slightly Higher Credit Risk in Third Quarter, Says CoreLogic
Amid job growth in the current weak economy that’s only keeping up with population growth, rental applicant credit quality was down a bit between the second quarter of this year and the third.
TODAY’S DEALS: ARA Brokers $85M Sale of Seniors Housing Community
ARA brokers the sale of a 350-unit seniors housing community in Naples, Fla.; Western National buys a luxury apartment community for $95.4 million; and Cohen Financial helps restucture and extend a distressed apartment CMBS loan.
REBS Selects Point2 to Power its Clarus PropertyManager Solution
Real Estate Business Services has chosen property management software company Point2 to power its Clarus PropertyManager, which provides property management solutions to real estate professionals.
Boston Capital Invests in Virginia Affordable Housing
Boston Capital has announced it is investing in the construction of a new 42-unit multifamily development in Petersburg, Va.
PROFILE: Alchemy Properties Inc.
Some market observers may not think of this as much of a condominium market, but the 21-year-old Alchemy Properties Inc. is continuing to develop condos in the Manhattan market as usual.
Economy Watch: Euro-Zone Leaders Meet, Agreement Still Elusive
Euro-zone panjandrums met over the weekend in Brussels for the 13th “crisis-management summit” in less than two years, and perhaps made progress on the vexing problems of national debt in Greece and elsewhere.
Salt Lake County Offers Financial Support for High-Density Development Along TRAX Line
By Gabriel Circiog, Associate Editor Salt Lake County has shown its financial support for a proposed high-density development along the new TRAX line running through West Jordan. The 40-acre project, located at 9000 S. Bangerter Highway, will include 1,400 residential units and commercial buildings. The Salt Lake Tribune reports the County Council agreed to approve […]
MHN Interview: A. David Lynd Shares Secrets of His $100 Million Student Housing Portfolio
The CEO of Lynd Student Living discusses how to create a successful student housing portfolio.
TODAY’S DEALS: MAA Acquires a 300-Unit Community in Tennessee
MAA buys a 300-unit community outside Nashville; MAA brokers the sale of a 100-unit asset in Oceanside, Calif.; and Berkadia Houston originates $34 million in acquisition loans for properties in Texas, Ohio.
Affordable Townhouse Project Near Completion in Colorado Ski Country
The second phase of Valley Brook, an affordable townhouse development, is nearing completion, according to the town of Breckenridge and the Colorado Department of Local Affairs, which started on the workforce housing project in 2008.