News
Economy Watch: Apartments Drive Homebuilding Surge in September
Home starts experienced an unexpected uptick in September, increasing 15 percent to an annualized rate of 658,000 units.
Post Properties First to Introduce Electric Car Charges to Atlanta’s Multifamily Industry
Post Properties are installing two electric vehicle charging stations at Post Alexander, a luxury community in Georgia.
Seniors Housing in Charlotte Near Completion
Work is nearly complete on the $13 million Steele Creek seniors community in Charlotte, N.C., according to developer Wood Partners.
TODAY’S DEALS: Red Mortgage Capital Completes $29.3M Financing
Red Mortgage Capital completes a $29.3 million financing for a Bell Partners acquisition; Grosvenor’s $100 million residential fund is fully invested; and Lee & Associates’ Berzack Group closes three transactions in Los Angeles County.
Ravin Partners and Northwood Investors Announce Joint Venture
Ravin Partners LLC and Northwood Investors LLC have announced a joint venture to form a residential multifamily platform, Northwood Ravin LLC.
TriBeCa’s Newest Luxury Property Launches Sales
With the unveiling of two model residences, sales are underway at Reade57, a dynamic new luxury condominium development gracing New York City’s avidly sought and very pricey TriBeCa neighborhood.
Economy Watch: Homebuyers a Little Less Glum
It’s probably a case of “nowhere to go but up,” but even so it counts as good news that homebuilder confidence rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index for October.
Tahl Works with Housing Agency on Expansion of Harlem’s Lexington Gardens
Tahl Propp Equities moves forward with long-held plans to expand its Lexington Gardens affordable housing community in Harlem.
TODAY’S DEALS: Greystar Picks Up 500-Unit Community in Minneapolis Suburb
Greystar purchases a community in Minnesota for $54.7 million; Beech Street Capital provides $13.8 million in Fannie Mae loans for three Texas communities; and Centerline Capital closes a $11.9 million multifamily refinance in 30 days.
Redevelopment Planned for Willets Point
Several companies have started to bid on the first phase of redevelopment of Willets Point in Queens, New York.